Volker Wieland criticizes Trump's interference in monetary policy ("Börsen-Zeitung")

In an interview with the German financial daily "Börsen-Zeitung", Volker Wieland has criticized the statements of President Trump regarding the current monetary policy. However, Wieland is not worried about the independence of the Federal Reserve.

"In general, politics should not interfere with monetary policy," Wieland said. In his view, there were good reasons for the independence of big central banks such as the Fed. However, he is not worried about the Fed's independence. "I do not think that Trump's statement will steer the Fed off its course."

According to Wieland, the impact on the dollar is indeed risky. "It is rather unwise to try to talk the US dollar weak. As US President you should be glad if you can place sovereign debt favorably throughout the world. " Therefore, questioning the US dollar's nimbus should not be in Trump's interest, Wieland warned.

Volker Wieland: "Die Fed muss aufpassen" (Börsen-Zeitung)