Villeroy: Trump's Economic Agenda Puts the Global Economy at Risk

Forex - The President of the French Central Bank and member of the European Central Bank (ECB), Francois Villeroy de Galhau, stated that the economic agenda of U.S. President-elect Donald Trump carries the risk of bringing inflation back to the U.S. and harming global economic growth.

Speaking to France Inter radio, Villeroy said, "The program carries the risk of bringing inflation back to the U.S. It also carries the risk of slightly reducing growth worldwide. Time will tell whether this decline will be felt more in the United States, China, or Europe."

Villeroy anticipated that U.S. consumers would bear most of the burden of the tariffs mentioned by Trump, stating, "Protectionism almost always means a decrease in purchasing power for consumers."