Central Banks Draft Joint Statement to Back Fed Chair Powell Amid Investigation
Deep News01-13
According to informed sources, central bank officials from multiple countries are preparing to issue a joint statement to express their support for Jerome Powell, following the U.S. Trump administration's initiation of a criminal investigation against the Federal Reserve Chair.
Powell had previously issued a rare and severe public condemnation of the move, labeling it a "pretext" by the Trump administration to gain presidential influence over interest rate policy. Subsequently, on Monday, the decision by the Trump administration was condemned by former Fed chairs and also drew unified criticism from core Republican members.
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