U.S. Federal Reserve Chair Jerome Powell speaks throughout a video message during which he states that U.S. President Donald Trump’s administration has threatened him with a prison indictment associated to the Federal headquarters renovation, on this screengrab obtained from a video launched on January 11, 2026.
U.s. Federal Reserve | By way of Reuters
World central bankers issued an announcement Tuesday defending U.S. Federal Reserve Chair Jerome Powell following the launch of a prison investigation into the central financial institution chief.
“We stand in full solidarity with the Federal Reserve System and its Chair Jerome H. Powell,” central financial institution chiefs together with European Central Financial institution President Christine Lagarde and Financial institution of England Governor Andrew Bailey, mentioned in a joint assertion.
“The independence of central banks is a cornerstone of worth, monetary and financial stability within the curiosity of the residents that we serve. It’s subsequently essential to protect that independence, with full respect for the rule of legislation and democratic accountability,” they added.
Powell has served with “integrity, targeted on his mandate and an unwavering dedication to the general public curiosity,” the assertion mentioned.
“To us, he’s a revered colleague who’s held within the highest regard by all who’ve labored with him.”
It is a breaking information story, please examine for additional updates.
