(FILES) European Central Bank (ECB) President Christine Lagarde gestures as she addresses a press conference on the Eurozone's monetary policy, at the central bank's headquarters in Frankfurt am Main, western Germany, on June 5, 2025. All risks of government collapse in all eurozone countries are a cause for concern, said European Central Bank (ECB) President Christine Lagarde on September 1, 2025, when asked about the likely collapse of the France's Prime Minister Francois Bayrou's government. (Photo by Kirill KUDRYAVTSEV / AFP)
European Central Bank chief Christine Lagarde said Monday that it would be very dangerous for the global economy if US President Donald Trump took control of US monetary policy.
Trump is seeking to remove Federal Reserve governor Lisa Cook in a move that critics say aims to fill the central bank with officials who will support his calls for lower interest rates.
Lagarde told France’s Radio Classique that it would be “very difficult” for Trump to completely swing the majority of the Fed’s policymaking body in his favour.
She noted that the central bank’s policies affect price stability and aims to ensure “optimal” employment.
“If it depended on the diktats of one person or another … the balance of the US economy, and consequently the effects it would have on the entire world, would be very worrying,” Lagarde said.
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