President of the European Central Bank: Independence is a prerequisite for the effective performance of the central bank
2025-08-24 22:58:00
European Central Bank President Christine Lagarde said in an interview with US media on the 24th local time that the independence of the central bank is "decisive" and warned that any intervention in its independence could have serious consequences. Her remarks came against the backdrop of US President Donald Trump's recent pressure on the Federal Reserve. Lagarde pointed out that "if a central bank loses its independence, or if that independence is threatened, it becomes dysfunctional", which can lead to "instability and even more serious situations". She stressed that independence is a prerequisite for the effective performance of the central bank.
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