Central bankers support Jerome Powell after Trump’s comments

The chiefs of major global central banks issued a joint statement supporting Federal Reserve Chair Jerome Powell amid a criminal investigation by the Trump administration regarding the Fed’s headquarters renovation. They emphasized the importance of central bank independence for economic stability and criticized political interference, which could undermine trust and lead to higher inflation. The statement, signed by leaders from institutions including the Reserve Bank of Australia and the European Central Bank, highlighted the necessity of preserving this independence. Central bankers warned that political influence on the Fed could destabilize financial markets globally.

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