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Global central bankers defend Fed's Powell after Trump threat

BY Reuters | ECONOMIC | 01/13/26 05:19 AM EST

FRANKFURT, Jan 13 (Reuters) - The chiefs of many of the world's major central banks issued a joint ?statement in support of Federal Reserve ?chair Jerome Powell on ?Tuesday after the Trump administration ?threatened ?him with a criminal indictment.

"We stand ?in full ?solidarity with the Federal Reserve System and its Chair ?Jerome H. ?Powell," ?the heads of the European Central Bank, the Bank of ?England and nine other institutions said.

"The independence of central banks is a cornerstone of price, financial and ?economic ?stability in the interest of the citizens that we ?serve," they added.

The U.S. administration's criminal probe is formally about the renovation of the Fed's headquarters but Powell called ?it a "pretext" to win presidential influence over interest rates. (Reporting by Francesco ?Canepa; Editing by Andrew Heavens)

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Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

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