Jerome Powell Gains Support from Meme-Stock Traders Amid Federal Reserve Independence Defense

Jerome Powell, Federal Reserve Chair since 2018, received unexpected backing from meme-stock traders after publicly defending the Fed's independence. Powell criticized the Trump administration for threatening criminal prosecution to influence interest-rate cuts. Known for guiding U.S. monetary policy through the pandemic and inflation, Powell's leadership has earned him support from individual investors who appreciate his transparent communication style, including regular press conferences after policy meetings.

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01-14

Some Fed officials confident next Fed chair will uphold mission despite Trump attacks

01-13

Latest Trump move on Fed may have hit a tripwire, with a rally behind Powell

01-13

Global Central Bankers Defend Fed's Powell After Trump Threat

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saini saied

01-13

this is good lah

Global Central Bankers Defend Fed's Powell After Trump Threat

DreamZ85

01-13

For sure stand with him because all the bank r sucking up all ppl money

Global Central Bankers Defend Fed's Powell After Trump Threat

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Powell,&#34; the central bankers said in a rare joint statement.</p><p>Independence from government influence has been the key foundation of modern central banking and remained the unquestioned standard for the world&#39;s biggest institutions until U.S. President Donald Trump started demanding lower rates and putting pressure on individual policymakers.</p><h2 id=\"id_2323691275\">UNPRECEDENTED SUPPORT</h2><p>The heads of the European Central Bank, the Bank of England, the Bank of Canada and eight other institutions said that Powell had acted with integrity and that central bank independence was crucial for keeping prices and financial markets stable.</p><p>&#34;The independence of central banks is a cornerstone of price, financial and economic stability in the interest of the citizens that we serve,&#34; the statement said.</p><p>Sources close to the process said that ECB President Christine Lagarde, who signed on behalf of the euro zone&#39;s 21 central banks, was the key driver of the joint response, while much of the actual footwork to get individual governors on board was done by Pablo Hernandez de Cos, the general manager of the Bank for International Settlements, a central bank umbrella body.</p><p>The ECB and the BIS declined to comment.</p><p>Other signatories included the central bank chiefs of Sweden, Denmark, Switzerland, Australia, South Korea, Brazil and France, as well as top officials at the BIS.</p><p>The Bank of Japan was notably absent from the list.</p><p>A spokesman for the BOJ said the bank refrained from commenting on other central banks&#39; action.</p><p>A source close to the process said the BOJ had initially expressed support for the joint statement but was not yet ready to sign. The list is not considered final, however, and central bankers could still add their name, several sources said.</p><h2 id=\"id_787580716\">FEARS OF HIGHER INFLATION</h2><p>The U.S. inquiry into Powell has already drawn criticism from the world of finance and also some key members of Trump&#39;s Republican Party.</p><p>Central bankers fear that political influence over the Fed would erode trust in the bank&#39;s commitment to its inflation target. This would lead to higher inflation and global financial market volatility.</p><p>Since the U.S. is the world&#39;s dominant economy, it would likely export this higher inflation via financial markets, making it more difficult for other central banks to keep prices stable.</p><p>&#34;It is therefore critical to preserve that independence, with full respect for the rule of law and democratic accountability,&#34; the group of central bankers said.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Global Central Bankers Defend Fed's Powell After Trump Threat</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGlobal Central Bankers Defend Fed's Powell After Trump Threat\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2026-01-13 20:22</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><ul style=\"\"><li><p>Powell threatened with indictment over renovation of Fed HQ</p></li><li><p>Statement in support of Fed chief signed by 11 peers</p></li><li><p>Heads of ECB, Bank of England and Bank of Canada among signatories</p></li><li><p>Trump has been pressuring Fed to lower interest rates</p></li></ul><p>FRANKFURT, Jan 13 (Reuters) - Central Bank chiefs from around the world lined up in support of Federal Reserve chair Jerome Powell on Tuesday, issuing an unprecedented statement of solidarity after the Trump administration threatened him with a criminal indictment.</p><p>Powell has been threatened with indictment over Congressional testimony he gave last summer about the renovation of the Fed&#39;s headquarters, which he has called a &#34;pretext&#34; to win presidential influence over interest rates.</p><p>&#34;We stand in full solidarity with the Federal Reserve System and its Chair Jerome H. Powell,&#34; the central bankers said in a rare joint statement.</p><p>Independence from government influence has been the key foundation of modern central banking and remained the unquestioned standard for the world&#39;s biggest institutions until U.S. President Donald Trump started demanding lower rates and putting pressure on individual policymakers.</p><h2 id=\"id_2323691275\">UNPRECEDENTED SUPPORT</h2><p>The heads of the European Central Bank, the Bank of England, the Bank of Canada and eight other institutions said that Powell had acted with integrity and that central bank independence was crucial for keeping prices and financial markets stable.</p><p>&#34;The independence of central banks is a cornerstone of price, financial and economic stability in the interest of the citizens that we serve,&#34; the statement said.</p><p>Sources close to the process said that ECB President Christine Lagarde, who signed on behalf of the euro zone&#39;s 21 central banks, was the key driver of the joint response, while much of the actual footwork to get individual governors on board was done by Pablo Hernandez de Cos, the general manager of the Bank for International Settlements, a central bank umbrella body.</p><p>The ECB and the BIS declined to comment.</p><p>Other signatories included the central bank chiefs of Sweden, Denmark, Switzerland, Australia, South Korea, Brazil and France, as well as top officials at the BIS.</p><p>The Bank of Japan was notably absent from the list.</p><p>A spokesman for the BOJ said the bank refrained from commenting on other central banks&#39; action.</p><p>A source close to the process said the BOJ had initially expressed support for the joint statement but was not yet ready to sign. The list is not considered final, however, and central bankers could still add their name, several sources said.</p><h2 id=\"id_787580716\">FEARS OF HIGHER INFLATION</h2><p>The U.S. inquiry into Powell has already drawn criticism from the world of finance and also some key members of Trump&#39;s Republican Party.</p><p>Central bankers fear that political influence over the Fed would erode trust in the bank&#39;s commitment to its inflation target. This would lead to higher inflation and global financial market volatility.</p><p>Since the U.S. is the world&#39;s dominant economy, it would likely export this higher inflation via financial markets, making it more difficult for other central banks to keep prices stable.</p><p>&#34;It is therefore critical to preserve that independence, with full respect for the rule of law and democratic accountability,&#34; the group of central bankers said.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260113:nL1N3YE09Z:2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2603883826","content_text":"Powell threatened with indictment over renovation of Fed HQStatement in support of Fed chief signed by 11 peersHeads of ECB, Bank of England and Bank of Canada among signatoriesTrump has been pressuring Fed to lower interest ratesFRANKFURT, Jan 13 (Reuters) - Central Bank chiefs from around the world lined up in support of Federal Reserve chair Jerome Powell on Tuesday, issuing an unprecedented statement of solidarity after the Trump administration threatened him with a criminal indictment.Powell has been threatened with indictment over Congressional testimony he gave last summer about the renovation of the Fed's headquarters, which he has called a \"pretext\" to win presidential influence over interest rates.\"We stand in full solidarity with the Federal Reserve System and its Chair Jerome H. Powell,\" the central bankers said in a rare joint statement.Independence from government influence has been the key foundation of modern central banking and remained the unquestioned standard for the world's biggest institutions until U.S. President Donald Trump started demanding lower rates and putting pressure on individual policymakers.UNPRECEDENTED SUPPORTThe heads of the European Central Bank, the Bank of England, the Bank of Canada and eight other institutions said that Powell had acted with integrity and that central bank independence was crucial for keeping prices and financial markets stable.\"The independence of central banks is a cornerstone of price, financial and economic stability in the interest of the citizens that we serve,\" the statement said.Sources close to the process said that ECB President Christine Lagarde, who signed on behalf of the euro zone's 21 central banks, was the key driver of the joint response, while much of the actual footwork to get individual governors on board was done by Pablo Hernandez de Cos, the general manager of the Bank for International Settlements, a central bank umbrella body.The ECB and the BIS declined to comment.Other signatories included the central bank chiefs of Sweden, Denmark, Switzerland, Australia, South Korea, Brazil and France, as well as top officials at the BIS.The Bank of Japan was notably absent from the list.A spokesman for the BOJ said the bank refrained from commenting on other central banks' action.A source close to the process said the BOJ had initially expressed support for the joint statement but was not yet ready to sign. The list is not considered final, however, and central bankers could still add their name, several sources said.FEARS OF HIGHER INFLATIONThe U.S. inquiry into Powell has already drawn criticism from the world of finance and also some key members of Trump's Republican Party.Central bankers fear that political influence over the Fed would erode trust in the bank's commitment to its inflation target. This would lead to higher inflation and global financial market volatility.Since the U.S. is the world's dominant economy, it would likely export this higher inflation via financial markets, making it more difficult for other central banks to keep prices stable.\"It is therefore critical to preserve that independence, with full respect for the rule of law and democratic accountability,\" the group of central bankers said.","news_type":1,"symbols_score_info":{"NQmain":2,"ESmain":2,"YMmain":2}},"isVote":1,"tweetType":1,"viewCount":526,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":521298691789416,"gmtCreate":1768309484462,"gmtModify":1768309488467,"author":{"id":"3577569919471507","authorId":"3577569919471507","name":"DreamZ85","avatar":"https://static.tigerbbs.com/4f88a546cd1787f83e30c21f07ed2b3a","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577569919471507","idStr":"3577569919471507"},"themes":[],"title":"","htmlText":"For sure stand with him because all the bank r sucking up all ppl money","listText":"For sure stand with him because all the bank r sucking up all ppl money","text":"For sure stand with him because all the bank r sucking up all ppl money","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/521298691789416","repostId":"2603883826","repostType":2,"repost":{"id":"2603883826","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"pubTimestamp":1768306951,"share":"https://ttm.financial/m/news/2603883826?lang=en_US&edition=fundamental","pubTime":"2026-01-13 20:22","market":"nz","language":"en","title":"Global Central Bankers Defend Fed's Powell After Trump Threat","url":"https://stock-news.laohu8.com/highlight/detail?id=2603883826","media":"Reuters","summary":"UPDATE 2-Global central bankers defend Fed's Powell after Trump threatPowell threatened with indictment over renovation of Fed HQStatement in support of Fed chief signed by 11 peersHeads of ECB, Bank of England and Bank of Canada among signatoriesTrump has been pressuring Fed to lower interest ratesAdds context in paragraph 4, sources on the coordination of statement in paragraphs 7-12","content":"<html><head></head><body><ul style=\"\"><li><p>Powell threatened with indictment over renovation of Fed HQ</p></li><li><p>Statement in support of Fed chief signed by 11 peers</p></li><li><p>Heads of ECB, Bank of England and Bank of Canada among signatories</p></li><li><p>Trump has been pressuring Fed to lower interest rates</p></li></ul><p>FRANKFURT, Jan 13 (Reuters) - Central Bank chiefs from around the world lined up in support of Federal Reserve chair Jerome Powell on Tuesday, issuing an unprecedented statement of solidarity after the Trump administration threatened him with a criminal indictment.</p><p>Powell has been threatened with indictment over Congressional testimony he gave last summer about the renovation of the Fed&#39;s headquarters, which he has called a &#34;pretext&#34; to win presidential influence over interest rates.</p><p>&#34;We stand in full solidarity with the Federal Reserve System and its Chair Jerome H. Powell,&#34; the central bankers said in a rare joint statement.</p><p>Independence from government influence has been the key foundation of modern central banking and remained the unquestioned standard for the world&#39;s biggest institutions until U.S. President Donald Trump started demanding lower rates and putting pressure on individual policymakers.</p><h2 id=\"id_2323691275\">UNPRECEDENTED SUPPORT</h2><p>The heads of the European Central Bank, the Bank of England, the Bank of Canada and eight other institutions said that Powell had acted with integrity and that central bank independence was crucial for keeping prices and financial markets stable.</p><p>&#34;The independence of central banks is a cornerstone of price, financial and economic stability in the interest of the citizens that we serve,&#34; the statement said.</p><p>Sources close to the process said that ECB President Christine Lagarde, who signed on behalf of the euro zone&#39;s 21 central banks, was the key driver of the joint response, while much of the actual footwork to get individual governors on board was done by Pablo Hernandez de Cos, the general manager of the Bank for International Settlements, a central bank umbrella body.</p><p>The ECB and the BIS declined to comment.</p><p>Other signatories included the central bank chiefs of Sweden, Denmark, Switzerland, Australia, South Korea, Brazil and France, as well as top officials at the BIS.</p><p>The Bank of Japan was notably absent from the list.</p><p>A spokesman for the BOJ said the bank refrained from commenting on other central banks&#39; action.</p><p>A source close to the process said the BOJ had initially expressed support for the joint statement but was not yet ready to sign. The list is not considered final, however, and central bankers could still add their name, several sources said.</p><h2 id=\"id_787580716\">FEARS OF HIGHER INFLATION</h2><p>The U.S. inquiry into Powell has already drawn criticism from the world of finance and also some key members of Trump&#39;s Republican Party.</p><p>Central bankers fear that political influence over the Fed would erode trust in the bank&#39;s commitment to its inflation target. This would lead to higher inflation and global financial market volatility.</p><p>Since the U.S. is the world&#39;s dominant economy, it would likely export this higher inflation via financial markets, making it more difficult for other central banks to keep prices stable.</p><p>&#34;It is therefore critical to preserve that independence, with full respect for the rule of law and democratic accountability,&#34; the group of central bankers said.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Global Central Bankers Defend Fed's Powell After Trump Threat</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGlobal Central Bankers Defend Fed's Powell After Trump Threat\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2026-01-13 20:22</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><ul style=\"\"><li><p>Powell threatened with indictment over renovation of Fed HQ</p></li><li><p>Statement in support of Fed chief signed by 11 peers</p></li><li><p>Heads of ECB, Bank of England and Bank of Canada among signatories</p></li><li><p>Trump has been pressuring Fed to lower interest rates</p></li></ul><p>FRANKFURT, Jan 13 (Reuters) - Central Bank chiefs from around the world lined up in support of Federal Reserve chair Jerome Powell on Tuesday, issuing an unprecedented statement of solidarity after the Trump administration threatened him with a criminal indictment.</p><p>Powell has been threatened with indictment over Congressional testimony he gave last summer about the renovation of the Fed&#39;s headquarters, which he has called a &#34;pretext&#34; to win presidential influence over interest rates.</p><p>&#34;We stand in full solidarity with the Federal Reserve System and its Chair Jerome H. Powell,&#34; the central bankers said in a rare joint statement.</p><p>Independence from government influence has been the key foundation of modern central banking and remained the unquestioned standard for the world&#39;s biggest institutions until U.S. President Donald Trump started demanding lower rates and putting pressure on individual policymakers.</p><h2 id=\"id_2323691275\">UNPRECEDENTED SUPPORT</h2><p>The heads of the European Central Bank, the Bank of England, the Bank of Canada and eight other institutions said that Powell had acted with integrity and that central bank independence was crucial for keeping prices and financial markets stable.</p><p>&#34;The independence of central banks is a cornerstone of price, financial and economic stability in the interest of the citizens that we serve,&#34; the statement said.</p><p>Sources close to the process said that ECB President Christine Lagarde, who signed on behalf of the euro zone&#39;s 21 central banks, was the key driver of the joint response, while much of the actual footwork to get individual governors on board was done by Pablo Hernandez de Cos, the general manager of the Bank for International Settlements, a central bank umbrella body.</p><p>The ECB and the BIS declined to comment.</p><p>Other signatories included the central bank chiefs of Sweden, Denmark, Switzerland, Australia, South Korea, Brazil and France, as well as top officials at the BIS.</p><p>The Bank of Japan was notably absent from the list.</p><p>A spokesman for the BOJ said the bank refrained from commenting on other central banks&#39; action.</p><p>A source close to the process said the BOJ had initially expressed support for the joint statement but was not yet ready to sign. The list is not considered final, however, and central bankers could still add their name, several sources said.</p><h2 id=\"id_787580716\">FEARS OF HIGHER INFLATION</h2><p>The U.S. inquiry into Powell has already drawn criticism from the world of finance and also some key members of Trump&#39;s Republican Party.</p><p>Central bankers fear that political influence over the Fed would erode trust in the bank&#39;s commitment to its inflation target. This would lead to higher inflation and global financial market volatility.</p><p>Since the U.S. is the world&#39;s dominant economy, it would likely export this higher inflation via financial markets, making it more difficult for other central banks to keep prices stable.</p><p>&#34;It is therefore critical to preserve that independence, with full respect for the rule of law and democratic accountability,&#34; the group of central bankers said.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260113:nL1N3YE09Z:2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2603883826","content_text":"Powell threatened with indictment over renovation of Fed HQStatement in support of Fed chief signed by 11 peersHeads of ECB, Bank of England and Bank of Canada among signatoriesTrump has been pressuring Fed to lower interest ratesFRANKFURT, Jan 13 (Reuters) - Central Bank chiefs from around the world lined up in support of Federal Reserve chair Jerome Powell on Tuesday, issuing an unprecedented statement of solidarity after the Trump administration threatened him with a criminal indictment.Powell has been threatened with indictment over Congressional testimony he gave last summer about the renovation of the Fed's headquarters, which he has called a \"pretext\" to win presidential influence over interest rates.\"We stand in full solidarity with the Federal Reserve System and its Chair Jerome H. Powell,\" the central bankers said in a rare joint statement.Independence from government influence has been the key foundation of modern central banking and remained the unquestioned standard for the world's biggest institutions until U.S. President Donald Trump started demanding lower rates and putting pressure on individual policymakers.UNPRECEDENTED SUPPORTThe heads of the European Central Bank, the Bank of England, the Bank of Canada and eight other institutions said that Powell had acted with integrity and that central bank independence was crucial for keeping prices and financial markets stable.\"The independence of central banks is a cornerstone of price, financial and economic stability in the interest of the citizens that we serve,\" the statement said.Sources close to the process said that ECB President Christine Lagarde, who signed on behalf of the euro zone's 21 central banks, was the key driver of the joint response, while much of the actual footwork to get individual governors on board was done by Pablo Hernandez de Cos, the general manager of the Bank for International Settlements, a central bank umbrella body.The ECB and the BIS declined to comment.Other signatories included the central bank chiefs of Sweden, Denmark, Switzerland, Australia, South Korea, Brazil and France, as well as top officials at the BIS.The Bank of Japan was notably absent from the list.A spokesman for the BOJ said the bank refrained from commenting on other central banks' action.A source close to the process said the BOJ had initially expressed support for the joint statement but was not yet ready to sign. The list is not considered final, however, and central bankers could still add their name, several sources said.FEARS OF HIGHER INFLATIONThe U.S. inquiry into Powell has already drawn criticism from the world of finance and also some key members of Trump's Republican Party.Central bankers fear that political influence over the Fed would erode trust in the bank's commitment to its inflation target. This would lead to higher inflation and global financial market volatility.Since the U.S. is the world's dominant economy, it would likely export this higher inflation via financial markets, making it more difficult for other central banks to keep prices stable.\"It is therefore critical to preserve that independence, with full respect for the rule of law and democratic accountability,\" the group of central bankers said.","news_type":1,"symbols_score_info":{"NQmain":2,"ESmain":2,"YMmain":2}},"isVote":1,"tweetType":1,"viewCount":686,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}]}