European Central Bank President Lagarde refutes Trump on tariffs and the Federal Reserve
Lagarde, the president of the European Central Bank, defended the two main targets of Trump's complaints: monetary policymakers and global trade. Lagarde suggested that Trump visit Frankfurt to learn how tough the job of Federal Reserve Chair Jerome Powell, whom he often criticizes, is. In an interview, she talked about the vulnerability of monetary policymakers to political criticism. Lagarde also said that Trump's idea that setting interest rates is easy is not correct. In addition to monetary policymakers, Lagarde also took issue with Trump's favorite tariff issue.