Source: Reuters
“The chiefs of many of the world’s major central banks issued a joint statement in support of Federal Reserve chair Jerome Powell on Tuesday, after the Trump administration threatened him with a criminal indictment. Powell is at the centre of a U.S. administration’s criminal probe about the renovation of the Fed’s headquarters, which he called a ‘pretext’ to win presidential influence over interest rates. The heads of the European Central Bank, the Bank of England, the Bank of Canada and eight other institutions said Powell had acted with integrity and that central bank independence was crucial for keeping prices and financial markets stable.” (01/13/26)