Politis

Central Bank Chiefs Express Support for US Federal Reserve Chair

Published January 13, 2026, 12:20
Central Bank Chiefs Express Support for US Federal Reserve Chair

Heads of many of the world's major Central Banks have issued a joint statement in support of US Federal Reserve (Fed) Chair Jerome Powell, following threats of criminal prosecution from the Trump administration. The statement emphasizes Powell's integrity and commitment to the public interest. The heads of the European Central Bank, the Bank of England, and nine other Central Banks stressed the importance of Central Bank independence for price stability, financial stability, and economic growth. This statement is a strong response to the Trump administration's attempt to influence monetary policy. The investigation into Powell concerns the renovation of the Fed headquarters, but he describes it as a pretext for Trump to influence interest rates. Support from his international counterparts underscores broader concerns about the potential undermining of Central Bank independence.