Iran Protests Escalate Greenland Takeover Talks Thailand Train Crash ICE Crackdown Sparks C... China's Record Trade S... Global Politics Update US Regime Change Efforts Nvidia Chip Sales to C... Clintons Defy Epstein ... Global Backing for Powell In other news
14-01-2026
About this site | Sitemap

Global Central Banks Back Jerome Powell Amid DOJ Probe

Date: 14-01-2026
Sources: bbc.com: 1 | cbsnews.com: 1 | straitstimes.com: 1

No image available

Image Prompt:

"Group of global central bankers, including heads of Bank of England and European Central Bank, standing in solidarity with Jerome Powell at a press conference, documentary-style photography, soft natural lighting with professional spotlights, 50mm lens capturing determined expressions and sense of unity, conveying cooperation and shared resolve"

Summary

World central bank chiefs have expressed 'full solidarity' with US Federal Reserve Chairman Jerome Powell amid a Department of Justice investigation, defending the independence of central banks and sparking concerns about the erosion of monetary autonomy.

Key Points

  • Global central bankers, including the heads of the Bank of England and European Central Bank, have declared support for Jerome Powell amid a DOJ probe
  • The investigation is linked to Powell's testimony about Federal Reserve building renovations and has sparked concerns about the independence of the US central bank
  • Powell stated that the probe is a consequence of the Fed setting interest rates based on its assessment of what serves the public, rather than following President Trump's preferences

Articles in this Cluster

Jerome Powell: World central bank chiefs declare support for US Fed chair

14-01-2026

World central bank chiefs, including the heads of the Bank of England, European Central Bank, and Bank of Canada, have declared their support for US Federal Reserve chair Jerome Powell amid a criminal investigation launched by the US Department of Justice. The investigation is linked to Powell's testimony about renovations to Federal Reserve buildings. President Donald Trump has criticized Powell and the Fed's decisions on interest rates, and the probe has sparked concerns about the independence of the US central bank. Several Republicans have spoken out against the Justice Department's move, and three former Fed chairs have publicly backed Powell.
Entities: Jerome Powell, Federal Reserve, US Department of Justice, Donald Trump, Bank of England • Tone: neutral • Sentiment: negative • Intent: inform

10 central banks and global financial institutions back Fed chief Jerome Powell amid DOJ probe - CBS News

14-01-2026

The heads of 10 major central banks and global financial institutions have expressed their support for US Federal Reserve Chairman Jerome Powell amid a Department of Justice (DOJ) probe. The DOJ investigation is related to the cost of building renovations at the Federal Reserve, and Powell has received grand jury subpoenas. Powell stated that the probe is not about his testimony or the renovation project, but rather a consequence of the Federal Reserve setting interest rates based on its assessment of what serves the public, rather than following the preferences of President Trump. Multiple former Fed chairs and Treasury secretaries, as well as lawmakers from both parties, have condemned the Trump administration's probe, warning that the Fed's independence is at stake.
Entities: Jerome Powell, Federal Reserve, Department of Justice, President Trump, European Central Bank • Tone: neutral • Sentiment: negative • Intent: inform

Global central bankers show ‘full solidarity’ with Fed’s Powell | The Straits Times

14-01-2026

Global central bankers have expressed 'full solidarity' with US Federal Reserve Chairman Jerome Powell amid intense pressure from the Trump administration, including threats of criminal charges against the Fed. The coordinated response underscores growing alarm that monetary autonomy within the world's most important central bank is being actively dismantled. Central bank chiefs from the European Central Bank, Bank of England, and Bank of Canada signed a statement defending the independence of central banks and the rule of law. The move is seen as a rare show of unity among central banks, typically reserved for global emergencies.
Entities: Jerome Powell, Donald Trump, Federal Reserve, European Central Bank, Bank of England • Tone: negative • Sentiment: negative • Intent: inform