Global central bankers affirm support for Fed Chair Powell, stress independence
Central bank leaders from around the world, including ECB President Christine Lagarde, issued a joint statement affirming their solidarity with Federal Reserve Chair Jerome H. Powell. The statement underscored the critical importance of central bank independence for stability.
Unwavering support for a respected colleague
The joint statement expressed full solidarity with Federal Reserve Chair Jerome H. Powell, recognizing him as a respected colleague.
It highlighted his integrity, unwavering commitment to the public interest, and focus on his mandate.
Independence: A cornerstone of stability
The central bankers emphasized that central bank independence is a cornerstone for price, financial, and economic stability.
They stressed the critical need to preserve this independence, respecting the rule of law and democratic accountability.