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Global central bankers defend Fed's Powell after Trump threat

BY Reuters | ECONOMIC | 05:23 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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