Trump and Fed Chair Powell Clash as Central Banks Choose Sides.
Support for Jerome Powell: Ten leading central bankers expressed their support for Federal Reserve Chair Jerome Powell amid threats from the Trump administration regarding potential criminal charges.
Political Pressure on the Fed: The situation highlights the increasing political pressure on the Federal Reserve and its leadership, raising concerns about the independence of central banking.
Implications for Monetary Policy: The threats against Powell could have implications for monetary policy decisions and the overall economic stability in the U.S.
Global Central Bank Solidarity: The backing from global central bankers underscores a collective stance on maintaining the integrity and independence of central banking institutions worldwide.
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