Villeroy’s ECB says the central bank’s independence is not an obstacle to low rates.

Francois Felieroy de Galhao said on Wednesday that the independence of the Paris Bank (Reuters) does not stop in the way of low interest rates.

we President Donald Trump The pressure on the Federal Reserve accumulates to reduce interest rates, and regularly discuss the possibility of shooting at President Jerome Powell, who was called “Numbskull”.

In addition to his attacks on Powell, Trump also tried last month to shoot the Governor Lisa Cook as part of his campaign to obtain the Federal Reserve to reduce prices.

“Independence is not reasonable to low interest rates: on the contrary, it is a prerequisite for them,” Felieroy, the governor of the French Central Bank.

He added that the independence of the central bank from the politicians allowed it to control the long -term inflation, the consolidation of families and the expectations of inflation in companies.

European Central Bank President Christine Lagarde warned on Monday that there will be repercussions on the global economy if the Federal Reserve lost its independence from the political impact in view of the size of the American economy.

England governor Andrew Billy said on Wednesday that he was “very concerned” about the threats to the independence of the Federal Reserve, describing it as a “very serious” issue.

(Participated in Lee Thomas reports, edited by Alexandra Hudson)