World central banks 'stand in solidarity' with Fed chair after US threatens criminal charges

🤖AI Özeti

In a show of solidarity, eleven central banks have publicly supported Jerome Powell, the chair of the US Federal Reserve, following the announcement of a criminal investigation into the Fed by US authorities. This backing highlights the importance of central bank independence and the potential implications of political pressures on monetary policy. The support from these institutions signals a collective stance against any perceived threats to the integrity of central banking operations.