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ECB's Nagel urges Europe to back Fed's independence against Trump
Published by Global Banking and Finance Review
Posted on September 30, 2025
1 min readLast updated: January 21, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on September 30, 2025
1 min readLast updated: January 21, 2026
Bundesbank Chief Nagel urges Europe to support the Fed's independence against Trump's pressures for interest rate cuts and dismissal of Lisa Cook.
By Marc Jones
LONDON (Reuters) -The head of Germany’s powerful Bundesbank has urged Europe to speak up in support of the U.S. Federal Reserve as its independence comes under repeated attack from U.S. President Donald Trump.
Speaking in London, Joachim Nagel, described the situation, including Trump regularly calling for interest rate cuts and an ongoing attempt to fire Fed policymaker Lisa Cook as “not acceptable”.
“We have to speak up here,” Nagel said, saying European leaders were often "too quiet, too reluctant, too diplomatic".
"But this is something that's ... undermining the cornerstone of our system, our democracy, our joint values. And so I believe that maybe you have to be a little bit more loud here.”
(Reporting by Marc Jones; Editing by Daniel Wallis)
Monetary policy refers to the actions taken by a central bank to manage the money supply and interest rates in an economy to achieve macroeconomic objectives such as controlling inflation, consumption, growth, and liquidity.
A central bank is a financial institution that manages a country's currency, money supply, and interest rates. It also oversees the banking system and implements monetary policy.
Financial markets are marketplaces where trading of securities, commodities, and other financial assets occurs. They facilitate the buying and selling of financial instruments and help in price discovery.
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