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Christina Lagardo, President of the European Central Bank (ECB), comments on the last decision on the interest rate of the Central Bank to journalists.
Photo Andreas Arnold/Picture Alliance via Getty Images
The European Central Bank President Christina Lagard said on Tuesday that she hoped the prospect of US President Donald Trump, who fired the chairman of the Federal Reserve Powell Reserve, will not be on the table.
Asked by Sarah Eisen CNBC, this scenario was a modern significant risk to the markets, Lagarda replied: “I definitely don’t hope … I hope this is not a risk.”
Speaking on the sidelines of the IMF World Bank, Lagard said CNBC that she would not comment on the market consequences of the event, which she hoped “not on the table.”
US President Donald Trump was extension Pressure on Fed Chairman Jerome Powell to reduce interest rates, US economy warning may slow differently.
Powell was in turn last week propose that Trump’s trade war can weigh the growth and fuel of inflation. He did not point to his expectations on the path of the interest rate forward, but noted that “as long as we can expect greater clarity before considering any adjustments to our political position.”
Trump has appointed Powell during his first presidential mandate, but now is look in Can Fed Chief legally dismiss before the deadline.
The ECB and the Fed divert into monetary policy.
The Eurozone Central Bank has invariably reduces the rates because inflation is closed by 2% and economic growth of the block, it looks insufficient. The Fed, meanwhile, constantly supported the rates this year, after the adoption of three consecutive reductions between September to December last year.
ECB last week reduce interest rates Up to the next 25 basic points, making its third decline in 2025 and the seventh finish since it began to mitigate the monetary policy last summer. In his statement about the monetary policy, the Central Bank warned of the weakened growth of the growth related to the world uncertainty of the US President Donald Trump.
