Trump’s war on Fed is ‘serious danger’ to world economy, says ECB head

Christine Lagarde said it would be ‘very difficult’ for Donald Trump to take control of Fed decision-making on interest rates. Photograph: Kai Pfaffenbach/Reuters

Donald Trump’s attempt to influence the US Federal Reserve could pose a “very serious danger” for the world economy, the head of the European Central Bank has warned.

Christine Lagarde, the president of the ECB, said Trump undermining the independence of the world’s most powerful central bank would have an impact for the US and other countries.