It is dangerous to undermine the independence of central banks, the ECB president estimated today in an interview with the US, where the president Donald Trump seeks to shape monetary policy.

“When a central bank ceases to be independent or when its independence is threatened, it becomes dysfunctional. Begins to do things he should not do, “commented Christine Lagarde In an interview with Fox News, the channel preferred by the conservatives.

“The next step is the confusion, the volatility, if not something worse,” added Lagarde, who participated in the annual Jackson Hall Symposium in Wyoming, along with her US federal bank counterpart (Fed), Jerome Powell.

After returning to White House In January, US President Donald Trump urges the Fed in every way to reduce interest rates as they affect the costs of borrowing and the economy. He has launched a Powell undermining campaign in the hope that he will force him to leave his post prematurely. The head of the head of Fedwhich Trump himself appointed in his first four years, expires in the spring of 2026.

Jerome Powell does not make interest rates on his own, and Trump seeks to replace other Fed members with persons adopting his own vision for the economy. Last week, she called for the resignation of Laisa Cook, which Republicans accuse him of making any documents to receive a mortgage.