French President Emmanuel Macron is advocating for a change in the European Central Bank’s monetary policy to prioritize growth and employment, not just inflation. This is a rare move by a euro-zone leader, with Macron urging the ECB to consider the impact of selling government bonds on interest rates and the euro’s strength.

Macron’s comments come amidst concerns about the US dollar and Chinese yuan being used as economic weapons and growth stagnating in Europe. He believes the ECB should focus on more than just inflation, considering goals like growth and decarbonization. ECB President Christine Lagarde has previously called for smarter steps toward European integration.

In addition to addressing monetary policy, Macron highlighted the potential financial risks posed by growing US deregulation in crypto assets and stablecoins. He emphasized the importance of protecting Europe’s monetary stability and financial players, urging action to prevent potential instability in the financial sector.

Read more at Yahoo Finance: Macron Calls for Rethink on ECB Approach to Monetary Policy