ECB President warns Trump's control over the Fed could seriously harm global economies.

ECB President Christine Lagarde warns that if U.S. President Donald Trump gains control over the Federal Reserve, it could pose a "serious danger" to both the U.S. and global economies. Trump's effort to remove Fed Governor Lisa Cook and pressure for lower interest rates threatens the Fed's independence, which is crucial for economic stability. Lagarde notes that such interference could lead to significant global economic ramifications.