German and Spanish governors criticise US policies
Nagel defends Fed independence, while Escrivá cautions against excessive deregulation
The governors of the German and Spanish central banks have criticised the policies of US president Donald Trump’s administration.
In an interview with Süddeutsche Zeitung, Joachim Nagel chastised the administration for assailing the independence of the Federal Reserve system. In the same interview, the Bank of Spain’s governor José Luis Escrivá said the wave of financial deregulation in the US was “one development that may give rise to concern”.
The Deutsche Bundesbank president said central bank
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