Global central banks work on statement in solidarity with Fed's Powell, Bloomberg News reports
Reuters01-13
Global central banks work on statement in solidarity with Fed's Powell, Bloomberg News reports
Jan 13 (Reuters) - Global central bank officials are working on a statement to express support for Federal Reserve Chair Jerome Powell after the Trump administration opened a criminal investigation into him, Bloomberg News reported on Tuesday, citing a person familiar with the matter.
The Trump administration's decision drew condemnation from former Fed chiefs and a chorus of criticism from key members of Trump's Republican Party on Monday, following an unusually sharp public rebuke from Powell calling the move a "pretext" to win presidential influence over interest rates.
Reuters could not immediately verify the report.
(Reporting by Bipasha Dey in Bengaluru; Editing by Andrew Heavens)
((Bipasha.Dey@thomsonreuters.com;))
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