A global currency requires ‘a reliable environment, a safe environment, where the rule of law is known and respected’ – ECB’s Lagarde

(Kitco News) – European Central Bank president Christine Lagarde delivered some significant statements about the policy direction of the United States in her press conference following the ECB rate announcement – some explicitly positive, some implicitly critical.Asked about U.S. President Donald Trump’s nomination of former Federal Reserve Governor Kevin Warsh to replace Jerome Powell as chair of the central bank in the spring of this year, Lagarde was unequivocally supportive.