The Bank of England governor has warned that threats to the US Federal Reserve's independence are "very serious" and a "very dangerous road to go down" as President Donald Trump continues to target America's central bank.
Andrew Bailey told the Treasury Select Committee: "This is a very serious situation, I am very concerned."
Trump has repeatedly attacked Fed chair Jerome Powell for not cutting interest rates and attempted to fire one of its governors, Lisa Cook who is now suing the US president.
Mr Bailey is latest central banker to raise the alarm after European Central Bank (ECB) president Christine Lagarde said a loss of independence was a "very serious danger" to the global economy.
Ms Lagarde warned that if the Fed was forced to respond to presidential orders it would have a "very worrying" effect on economic stability around the world.
