Her solidarity with her counterpart at the US Federal Bank, Gerom Powell, was expressed by European Central Bank President Christine Lagarde, as the former has been targeted by US President Donald Trump for the US Central Bank. “I have great respect for my honorable colleague,” Jerome Powell, Lagarde told reporters. “We have a strong and stable relationship between central banks (…) which is vital to the existence of a stable financial infrastructure that guarantees financial stability,” he added. Earlier today, Trump was again against the Fed president, who said he was “very slow” in reducing interest rates. “It is more than a time for Powell to end,” Trump wrote on Truth Social, while Powell’s second term as head of the Fed is due to be completed in May 2026. […]
Source: News Beast
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