Multiple central bank governors from around the globe have jointly backed Federal Reserve Chair Jerome Powell, standing firm in face of pressure from the Trump administration that threatened him with criminal prosecution. The coordinated statement from these international financial leaders underscores the critical importance of central bank independence and stable monetary policy frameworks. Powell's leadership at the Fed shapes global financial conditions, including asset markets and currency valuations—factors that ripple through crypto markets. The move signals strong support from the global financial establishment for maintaining institutional stability amid political pressure.
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Multiple central bank governors from around the globe have jointly backed Federal Reserve Chair Jerome Powell, standing firm in face of pressure from the Trump administration that threatened him with criminal prosecution. The coordinated statement from these international financial leaders underscores the critical importance of central bank independence and stable monetary policy frameworks. Powell's leadership at the Fed shapes global financial conditions, including asset markets and currency valuations—factors that ripple through crypto markets. The move signals strong support from the global financial establishment for maintaining institutional stability amid political pressure.