World central bank chiefs 'stand in solidarity' with US Fed chair Powell
Summary
Central bank leaders globally are supporting U.S. Federal Reserve Chair Jerome Powell after a U.S. criminal investigation into him began. Major banks from countries like the UK and Canada emphasized the importance of maintaining independence in setting interest rates. President Trump commented that he was unaware of the investigation.Key Facts
- Central banks worldwide expressed support for U.S. Fed Chair Jerome Powell.
- The Department of Justice started a criminal investigation into Powell.
- Leaders from the Bank of England, the European Central Bank, and the Bank of Canada signed a supportive statement.
- The statement highlighted the need for independence in interest rate decisions.
- President Trump has criticized Powell over interest rate decisions and personally insulted him.
- President Trump stated he knew nothing about the investigation.
- Powell was praised by global bankers as a respected and highly regarded colleague.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.
