Fed Chair Jerome Powell backed by global central bankers amid DOJ probe
Yahoo Finance·2026-01-13 21:11
Global central bankers have publicly rallied behind Jerome Powell after the U.S. Justice Department launched a criminal investigation into the head of the Federal Reserve, warning that political pressure on the central bank threatens economic stability. In a rare joint statement issued Tuesday, senior officials from Europe, the UK and Canada said they stood “in full solidarity” with Powell and the Fed. They said the independence of central banks was essential to maintaining trust supporting the wider glob ...