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Global Central Bank Chiefs Issue Joint Statement in Support of Federal Reserve Chairman Powell
Summary: According to reports from Jinshi, global central bank chiefs issued a joint statement on Tuesday in support of Federal Reserve Chairman Jerome Powell, after the Trump administration threatened to bring criminal charges against him. The statement, signed by the European Central Bank, the Bank of England, and nine other central bank chiefs, stated: 'We stand ...
According to reports from Jinshi, global central bank chiefs issued a joint statement on Tuesday in support of Federal Reserve Chairman Jerome Powell, after the Trump administration threatened to bring criminal charges against him. The statement, signed by the European Central Bank, the Bank of England, and nine other central bank chiefs, stated: 'We stand fully united with the Federal Reserve System and its Chairman Powell.' They added: 'The independence of central banks is crucial to maintaining price, financial, and economic stability, which is in the interest of the people we serve.' The U.S. government's criminal investigation ostensibly involves issues with the renovation of the Federal Reserve headquarters, but Powell called it a 'pretext' aimed at giving the president influence over interest rates.
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Link: Global Central Bank Chiefs Issue Joint Statement in Support of Federal Reserve Chairman Powell [Copy]
