“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,” the letter read. It was signed by presidents and governors of Central Banks in England, Sweden, Switzerland, Norway, Australia, Canada, Korea, and Brazil.
“JUST OUT: Great (LOW!) Inflation numbers for the USA. That means that Jerome ‘Too Late’ Powell should cut interest rates, MEANINGFULLY!!!” Trump claimed Tuesday morning on Truth Social. “If he doesn’t he will just continue to be, ‘TOO LATE!’ ALSO OUT, GREAT GROWTH NUMBERS. Thank you MISTER TARIFF! President DJT.”
“Chair Powell has served with integrity, focused on his mandate and an unwavering commitment to the public interest,” the letter from the international central bankers concluded. “To us, he is a respected colleague who is held in the highest regard by all who have worked with him.”
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