The pressure exerted by US President Donald Trump on the Federal Reserve was an important topic of discussion at the spring meeting of the International Monetary Fund (IMF) in recent days. That turned out Saturday after the summit.
IMF top executive Christine Lagarde said she spoke with many central bankers. They were all concerned about issues such as transparency and the opportunity they get to perform their duties properly.
The Frenchwoman did not explicitly refer to the situation in the United States. Earlier this week, the important IMF economist Tobias Adrian did. He drew a parallel with US President Richard Nixon’s practices and warned that it is incredibly important that the independence of central banks is not undermined.
Trump has repeatedly criticized the Fed and believes that the American dome of central banks should do more for the economy. Last week he called on the institute to lower interest rates and start buying up bonds again.