Political interference in central banks risks economic harm, ECB president warns

Comments by Christine Lagarde seen as veiled warning to Donald Trump, who demanded Federal Reserve lower interest rates immediately'

Political interference in central bank policymaking could harm plans to bring down inflation, the head of the European Central Bank (ECB) has said.

In a veiled warning to Donald Trump, after the US president last week demanded the Federal Reserve immediately" lower interest rates, the ECB president, Christine Lagarde, said meddling by politicians could lead to greater economic volatility and sharply rising prices.