Draghi, in rare move, sounds concern over Fed’s independence

Bloomberg/Carolyn Look and Theophilos Argitis/4-13-2019

“Draghi’s intervention is notable given central bankers are usually loath to comment on politics or events in economies other than their own. He was later seen in conversation in the IMF’s headquarters with Fed Chairman Jerome Powell, who Trump has frequently accused of not doing enough to stoke the U.S. economy.”

USAGOLD note:  Given the pressures on the European Central Bank from more than one direction, perhaps Jerome Powell took the opportunity in that conversation to sound his concern about the ECB’s independence.  There is a long history of political pressure on central banks most of which does not come public until the memoirs are written.

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