Global Central Banks Support Fed Chair Powell Amid Criminal Probe and Political Pressure

Central banks worldwide have jointly expressed support for US Federal Reserve Chair Jerome Powell amid a criminal investigation and pressure from President Donald Trump to resign early. The probe relates to Powell's congressional testimony and has raised concerns about the Fed's independence. Analysts note this development could alter perceptions of the Fed's role and leadership, with potential implications for monetary policy and political influence over the central bank. Market reactions have been subdued despite the escalating tensions.