The president of the European Central Bank warned about the risks of the US president’s offensive against the independence of the Federal Reserve, after the dismissal of Governor Lisa Cook. While the White House presses for a rate cut in 2026.
The president of the European Central Bank (ECB), Christine Lagardehe launched a strong warning on the movements of the president of the United States, Donald Trumparound the monetary policy of the Federal Reserve.
The content you want to access is exclusive to subscribers.
“If the president of the United States, Donald Trump dismisses the president of the Federal Reserve, Jerome Powell, or the governor of the Fed Lisa Cook, this would represent a” very serious danger for the US economy and the world economy, “said the president of the European Central Bank, Christine Lagarde. undermine the independence of the most influential central bank in the world.


Cook, close to Jerome Powell – current president of the Fed and figure with which Trump maintains tensions for his refusal to accelerate the decline in interest rates— He refused to resign from his position.
Trump Powell.jpg

Donald Trump seeks to press Jerome Powell to lower the rates
Image created with artificial intelligence
What will the Fed do with the rates
International markets observe carefully. Analysts of Deutsche Bank They pointed out that “the bar to derail a fed feat cut on September 17 seems high”, and that investors already discourage a reduction from up to 140 basic points By the end of 2026, a level of flexibility comparable only with periods of recession since the 1980s.
Meanwhile, the ECB provides Maintain your reference rate at 2% At the next week, a level much lower than the range of 4.25%-4.5% in which the Federal Reserve is currently located.
Restlessness in Europe for the French crisis
In parallel, Lagarde expressed his “concern” about the political situation in France. The Prime Minister François Bayrou will face the September 8 A vote of confidence in the National Assembly, after announcing an austerity program to contain the public deficit. The announcement generated Falls in French actions and bondsand reduced the gap between the costs of indebtedness of France and Italy to minimums in decades.
Even so, the president of the ECB tried to take peace of mind: “I think that the French banking system is in a better way than during the last great financial crisis, which is well structured, well supervised and has responsible actors.”
Source: Ambito

I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.