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Lagarde says central banks should remain independent amid US interest rates row


Devdiscourse News Desk Last Updated at 11 Oct 2018, 18:10 IST United States
Lagarde says central banks should remain independent amid US interest rates row
  • Powell and other policymakers are extremely serious, solid and certainly keen to base their decisions on actual information. (Image Credit: Twitter)

International Monetary Fund Managing Director Christine Lagarde said she "would not associate" Federal Reserve Chairman Jerome Powell "with craziness" after U.S. President Donald Trump commented that the central bank, which has been raising U.S. interest rates, had "gone crazy," CNBC reported on Thursday.

Powell and other policymakers are extremely serious, solid and certainly keen to base their decisions on actual information, Lagarde told CNBC in an interview, adding that central banks should remain independent in their functioning.

(With inputs from agencies.)


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