ECB President Christine Lagarde said that Donald Trump taking control of US monetary policy would be a “very serious danger” to the US and global economies.

“If that happens, it is a very serious danger for the US and global economy,” she said on Radio Classique, recalling that the US central bank's (Fed) policy “obviously has an effect on the US in terms of maintaining price stability and ensuring optimal employment.”

“If it depended on the dictates of this or that person,” Lagarde continued, “the balance of the US economy and, therefore, the effects that this would have throughout the world would be very worrying.”

She added, however, that it would be “very difficult” for Donald Trump to achieve such a situation because "the US Supreme Court, whose respected image is widespread in the country and I hope will be respected by him, has clearly stated that a Fed governor can only be removed for serious misconduct.“

”Still, it takes a lot to be removed for serious misconduct," she said, according to AFP.

“That's why I think it will be very difficult for him to convince the Governing Council, which brings together the seven members in Washington,” plus those from regional banks in the US, “to completely reverse the majority,” added the ECB president.

Donald Trump, who believes he has a say in monetary policy and regularly expresses his desire for the Federal Reserve to lower interest rates, is trying to undermine some of its most senior officials.

After months of berating the institution's chairman, Jerome Powell, whom he himself appointed to the post during his first term, the US president is now trying to remove one of the governors, Lisa Cook, accused by the presidential camp of lying to obtain mortgage loans with more favorable interest rates. | BGNES