World
Lagarde warns Fed independence under threat from Trump pressure
ECB president says political control of US interest rates would destabilise the world's largest economy, though legal constraints make a takeover difficult.
Person
Lisa Cook
Governor of the Federal Reserve, Federal Reserve
What we have reported
- Subject of an attempted removal by Trump in August, which her lawyers say lacks legal basis and is being challenged in court.
- Targeted by Trump with untested allegations of mortgage fraud in an effort to remove her from the Fed board.
- Fighting court battle against dismissal initiated by Trump administration
Coverage
Europe
Lagarde rules out IMF rescue for France despite political crisis
ECB president says French bond spreads have risen but country does not meet IMF bailout conditions, while warning Trump's attacks on Fed independence threaten global economy
World
Lagarde warns Trump Fed interference would endanger global economy
ECB president tells Radio Classique that US central bank independence is legally protected but its loss would threaten price stability worldwide
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