Global central bankers affirm independence and support Fed Chair Powell
International central bankers, including the heads of the European Central Bank and Bank of England, expressed full solidarity with Federal Reserve Chair Jerome Powell. They affirmed central bank independence as critical for price, financial, and economic stability.
Unwavering support for Chair Powell
The joint statement highlighted the collective support for Federal Reserve Chair Jerome Powell, praising his integrity, focus on mandate, and unwavering commitment to the public interest.
Signatories, including Christine Lagarde of the ECB and Andrew Bailey of the Bank of England, expressed their highest regard for Powell as a respected colleague.
Independence: A cornerstone of stability
The central bankers underscored that the independence of central banks is a fundamental pillar for ensuring price, financial, and economic stability.
They stressed the critical importance of preserving this independence, while upholding full respect for the rule of law and democratic accountability.