Global monetary policymakers come together to support Federal Reserve Chairman Jerome Powell

Global Central Bank Leaders Express Support for Jerome Powell

On Tuesday, top officials from central banks around the world voiced their backing for U.S. Federal Reserve Chair Jerome Powell after news broke of a criminal probe involving him. In a unified message, leaders such as Christine Lagarde, President of the European Central Bank, and Andrew Bailey, Governor of the Bank of England, affirmed, “We fully support the Federal Reserve System and its Chair, Jerome H. Powell.”

The statement emphasized that maintaining the independence of central banks is fundamental to ensuring stable prices, sound finances, and economic security for the public. The leaders stressed the vital importance of safeguarding this independence for the benefit of the citizens they serve.