"We stand in full solidarity with the Federal Reserve System and its Chair Jerome H. Powell. The independence of central banks is a cornerstone of price, financial and economic stability in the interest of the citizens that we serve. It is therefore critical to preserve that independence, with full respect for the rule of law and democratic accountability. Chair Powell has served with integrity, focused on his mandate and an unwavering commitment to the public interest."
"The letter is signed by: Christine Lagarde, President of the European Central Bank on behalf of the ECB Governing Council Andrew Bailey, Governor of the Bank of England Erik Thedeen, Governor of Sveriges Riksbank Christian Kettel Thomsen, Chairman of the Board of Governors of the Danmarks Nationalbank Martin Schlegel, Chairman of the Governing Board of the Swiss National Bank Michele Bullock, Governor of the Reserve Bank of Australia Tiff Macklem, Governor of the Bank of Canada"
Eleven of the world's top central bankers issued a joint statement expressing full solidarity with Federal Reserve Chair Jerome H. Powell after the U.S. Department of Justice opened a criminal investigation into him. The signatories include leaders from the ECB, Bank of England, Sweden, Denmark, Switzerland, Australia, Canada, South Korea, Brazil, and senior officials at the Bank for International Settlements. The statement says central bank independence underpins price, financial and economic stability and must be preserved with respect for the rule of law and democratic accountability. The chiefs praise Powell's integrity, focus on his mandate, and commitment to the public interest.
Read at www.theguardian.com
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