Global Central Bank Officials Affirm: Jerome Powell Has Served with Integrity and Fed Independence Is Non-Negotiable
Officials from a number of global central banks issued a joint statement expressing their full support for U.S. Federal Reserve Chair Jerome Powell, stressing the importance of preserving the independence of the Federal Reserve from any political pressure.
The statement noted that Jerome Powell has served with integrity and demonstrated an unwavering commitment to the public interest, emphasizing that his decisions have consistently aimed at safeguarding monetary and financial stability, in a manner that serves both the U.S. economy and the global economy.
Central bank officials further underscored that Federal Reserve independence is a fundamental pillar of global financial stability, warning that any attempt to undermine this independence could negatively impact market confidence and international financial institutions.
The statement reflects broad international consensus on the necessity of protecting central bank independence, particularly at a time of heightened economic and monetary challenges worldwide.
