Lagarde refutes Trump on tariffs and the Federal Reserve

On October 23rd, European Central Bank President Christine Lagarde defended the two main targets that former US President Donald Trump complained about: monetary policymakers and global trade. Lagarde suggested that Trump visit Frankfurt, Germany (the headquarters of the European Central Bank), to learn how difficult the work of Federal Reserve Chairperson Powell, which he often criticizes, is. Lagarde said that Trump's idea that setting interest rates is easy is not correct. "He should come to visit us... I have thousands of hard-working people - economists, jurists, computer scientists, and I can assure you that they work very hard day in and day out, not once a month." In addition, she said: "Fair trade is a key driver of growth, jobs, innovation and productivity, something we should not throw away."