Global Central Banks Unite: 'Will Not Tolerate' Attacks on Fed's Independence Amid Powell Probe

• A criminal investigation against US Federal Reserve Chairman Jerome Powell has sparked global concern.
• Major central banks, including the ECB and Bank of England, issued a joint statement supporting Powell.
• They declared that any attack on central bank independence 'will not be tolerated,' calling it fundamental for stability.
• The investigation reportedly stems from President Donald Trump's displeasure over the Fed's interest rate decisions.
• Global bankers emphasized that questioning the Fed's independence could endanger the entire global economy.

Why It Matters: Global central banks strongly back Jerome Powell, warning against political interference in monetary policy.