# The head of the European Central Bank, Christine Lagarde has warned that if President Donald Trump were to undermine the independence of the US Federal Reserve, it would represent a very serious danger to the global economy. The Federal Reserve’s main job is to promote employment, keep prices stable, and set interest rate policy. Trump has repeatedly made it clear he wants big cuts in interest rates to boost economic growth and lower his government’s borrowing costs. A cut is expected later this month but is unlikely to be large enough to please Trump.
Fed losing independence would pose a serious danger, says Lagarde