Trump controlling Fed would be 'serious danger' to the world, says ECB president Christine Lagarde

Effects throughout the world would be 'very worrying', says Ms Lagarde

The Federal Reserve losing its independence would pose a “serious danger” to the world, according to European Central Bank president Christine Lagarde. Picture: AP Photo/Michael Probst

The Federal Reserve losing its independence would pose a “serious danger” to the world, according to European Central Bank president Christine Lagarde.

But Ms Lagarde told Radio Classique in an interview on Monday that US president Donald Trump would find it “very difficult” to take control of the US central bank, citing legal precedents that prevent the removal of Fed governors.