Trump's decisions pose a risk to the global economy (C. Lagarde)

Christine Lagarde, president of the European Central Bank, has warned that Donald Trump's attempts to take control or undermine the independence of the US Federal Reserve would pose a very serious economic threat to both the United States and the global economy.

Ms. Lagarde and other leading economists emphasise that the autonomy of the US Federal Reserve is essential to maintaining economic stability. If monetary policy is dictated by political leaders rather than independent experts, the risk of unstable interest rate decisions and harmful economic policies increases.

Donald Trump has repeatedly called for aggressive US interest rate cuts and threatened to fire Fed Chairman Jerome Powell and Governor Lisa Cook, measures seen as direct attacks on the central bank's independence.

As the United States is the world's largest economy, any instability in its monetary policy would have international repercussions, potentially disrupting trade, investment, and financial markets.

Ms. Lagarde explicitly states that these repercussions would be "very worrying," citing the interdependence of economies and the risk of global uncertainty.

(MH with MaSi - Source : Reuters - Photo : ©Unsplash)