ECB Official Voices Concerns Over Trump's Economic Policies

Francois Villeroy de Galhau, a prominent member of the European Central Bank's Governing Council and Governor of the Bank of France, has openly criticized the protectionist policies of US President Donald Trump. According to Villeroy, these policies are not only failing to deliver their intended benefits but are also contributing to economic instability.

Economic Uncertainty on the Rise

"We are witnessing a period of significant economic uncertainty," Villeroy stated in an interview with RTL France. He pointed out that the Trump administration's policies are backfiring, undermining the American economy rather than supporting it.

Optimism for Europe's Economic Outlook

Despite the global economic challenges, Villeroy remains optimistic about the economic prospects for France and Europe. He sees room for interest rate reductions and does not anticipate additional inflation in Europe, suggesting a stable economic path ahead for the region.