Heads of the European Central Bank, the Bank of England, and Sveriges Riksbank on Tuesday came out in support of Powell.
Jerome Powell found support from central bankers worldwide after the U.S. Department of Justice launched a criminal investigation into the Federal Reserve Chair.
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“We stand in full solidarity with the Federal Reserve System and its Chair Jerome H. Powell,” said 11 central bankers in a joint statement.
These bankers include Christine Lagarde, President of the European Central Bank, Andrew Bailey, Governor of the Bank of England, and Erik Thedéen, Governor of Sveriges Riksbank, among others.
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