Global central bankers defend Fed's Powell after Trump threat

[BumRushDaShow]

Source: Reuters

January 13, 2026 5:24 AM EST Updated 1 hour ago


FRANKFURT, Jan 13 (Reuters) - The chiefs of many of the world's ​major central banks issued a ‌joint statement in support of Federal Reserve chair Jerome Powell on Tuesday after the Trump ‌administration threatened him with a ​criminal indictment.

"We stand in full solidarity with the Federal ‍Reserve System and its Chair Jerome H. Powell," the heads of the ⁠European Central Bank, the ‍Bank of England and nine other institutions ‌said.

"The ‌independence of central banks is a cornerstone of price, financial and economic stability in ⁠the interest ⁠of ​the citizens that we serve," they added.

Read more: https://www.reuters.com/business/finance/global-central-bankers-defend-feds-powell-after-trump-threat-2026-01-13/

[bucolic_frolic]

1. Powell has been the best Fed Chair in my lifetime

He's exceeded transparency, performance, policy, sanity. He's not been some hidden Money God that no one can understand. He's met with politicians, and talked about it. But of course he's not equated euphemisms for QE1-2-3, Twist, T-Bond purchases with de facto devaluation of the US Dollar.

All currencies are losing purchasing power which is to say devaluation. Came across a statistic that the French Franc lost 89% of its value between 1960 and 1989. 89%!!!

Trump could have saved all the value of the US penny by devaluing the dollar 5 to 1. That would have drained the swamp. Instead we're headed in the other direction.

[muriel_volestrangler]

2. While the Trump regime won't pay attention to other central bankers, his billionaire backers may

They may not care about "price, financial and economic stability" for the citizens as a whole, but it does still mean something to their profits.