Global central bank chiefs said they “stand in full solidarity” with Jay Powell, in an unprecedented show of support after US authorities opened a criminal investigation into the Federal Reserve chair.
Central bank governors from 11 institutions on Tuesday issued a statement saying they “stand in full solidarity with the Federal Reserve System and its Chair Jerome H Powell”, who has been the target of repeated attacks by the Trump administration.
“The independence of central banks is a cornerstone of price, financial and economic stability in the interest of the citizens that we serve,” the statement said.
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