IMF slashes global growth forecast amid Trump tariff turmoil

The International Monetary Fund said it expected global economic growth to be slower and sharply downgraded its forecast for US growth as a result of Donald Trump’s tariffs and the uncertainty they created. It also warned risks to the global financial sector had significantly risen since last autumn. 

But first, we look at why it’s important for central banks to be free from political meddling, as Donald Trump’s intensifying attacks against Fed chairman Jerome Powell rattled markets.