Global Central Bank Chiefs Defend Fed Chair Powell Amid Political Pressure

Central bank leaders worldwide have united in a rare show of solidarity, intervening in the TRUMP administration's Department of Justice probe into Federal Reserve Chair Jerome Powell. The collective letter emphasizes the sacred principle of central bank independence as the bedrock of price stability and economic order.

Signatories include the who's who of global monetary policy: Christine Lagarde (ECB), Andrew Bailey (BoE), and counterparts from Sweden, Denmark, Switzerland, Norway, Australia, Canada, South Korea, and Brazil. Their message is unequivocal - political interference threatens the delicate balance of financial systems globally.

The defense comes as Powell faces mounting scrutiny over interest rate decisions. Market participants watch closely, knowing Fed policy ripples across all asset classes - from traditional markets to cryptocurrencies. While no digital assets are directly implicated, the institutional stance on monetary sovereignty carries implications for crypto's evolving role in global finance.