'A reckoning coming': Truss backs Trump assault on Federal Reserve

Donald Trump's assault on the independence of the US Federal Reserve has been backed by Liz Truss, the shortest-serving British prime minister in history, who was ousted after a meltdown in the financial markets.

- Richard Partington

The former Conservative leader, who during her 49 days in power in late 2022 railed against the "deep state" and the Bank of England for undermining her before she was ejected from office by her own party, told Bloomberg's Odd Lots podcast: "I think there is a reckoning coming for the central banks, not just in Britain but also in the United States, also the ECB [European Central Bank]."

Truss, who repeatedly criticised "economic orthodoxy" during her brief spell in Downing Street, argued that unelected central banks were able to undermine elected politicians.