Eleven leading central banks, including the U.S. Federal Reserve, the European Central Bank, the Bank of England, and Sweden’s Riksbank, issued a rare joint statement expressing support for Federal Reserve Chair Jerome Powell. The move underscores coordinated backing for central bank independence amid rising political pressure on monetary policy.
The statement emphasizes the importance of data-driven decision-making, institutional autonomy, and global financial stability. Officials stressed that independent central banks are essential for controlling inflation, maintaining market confidence, and managing economic shocks, particularly in a period of elevated geopolitical and fiscal uncertainty.
Markets interpreted the announcement as a signal of unity among global monetary authorities at a sensitive moment for interest rate expectations. Analysts say the coordinated stance may help anchor inflation expectations and reduce policy-driven volatility across bonds, currencies, and equities.
