Summary
Central bankers from various countries expressed strong support for U.S. Federal Reserve Chair Jerome Powell. This came after President Donald Trump increased his conflict with Powell by having the Justice Department investigate the Federal Reserve.
Key Facts
- Central bankers from around the world backed Jerome Powell, the U.S. Federal Reserve Chair.
- This support follows President Trump escalating a conflict by involving the Justice Department.
- Nine central bank leaders, including those from Europe and the UK, signed a supportive statement.
- The statement highlights the importance of central bank independence for economic stability.
- The issue relates to Powell's testimony about renovating Federal Reserve buildings.
- Powell criticized the administration's threat of legal action as an attempt to control interest rate policy.
