Global Leaders Support Fed Chair Powell Amid Justice Probe and Trump Criticism

Federal Reserve Chair Jerome Powell faces a Justice Department probe over a renovation project, which he and global central bankers view as political pressure linked to President Trump's push for lower interest rates. Leaders from major central banks and Wall Street executives have expressed strong support for Powell and the Fed's independence, warning that interference could destabilize financial markets. Trump has criticized Powell harshly, calling him 'incompetent' or 'crooked,' while some Republican senators have pushed back against the investigation. The probe has sparked debate on central bank autonomy and investor concerns about U.S. financial stability.