Global Central Bankers Express Solidarity with Fed Chair Powell Amidst Political Pressure
4 hours agoPolitics
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6 SourcesWashington, D.C., United States
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Global Central Bankers Express Solidarity with Fed Chair Powell Amidst Political Pressure

Heads of eleven central banks, including the BIS, have issued a rare joint statement expressing "full solidarity" with U.S. Federal Reserve Chair Jerome Powell. The statement defends Powell's integrity and commitment to public interest amid reported threats of criminal charges and political pressure from President Donald Trump regarding interest rate policy. The central bankers emphasized the critical importance of preserving central bank independence for economic stability and warned against political influence undermining confidence and market stability.

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