A group of central bank leaders and Bank for International Settlements (BIS) officials published a joint statement expressing solidarity with the Federal Reserve System and Chair Jerome H. Powell, and reaffirming the importance of central bank independence. The statement describes central bank independence as a cornerstone of price, financial and economic stability, calling it critical to preserve that independence alongside respect for the rule of law and democratic accountability. It also praises Powell’s integrity, mandate focus and commitment to the public interest. Signatories include the European Central Bank (on behalf of the ECB Governing Council), the Bank of England, Sveriges Riksbank, Danmarks Nationalbank, the Swiss National Bank, Norges Bank, the Reserve Bank of Australia, the Bank of Canada, the Bank of Korea, Banco Central do Brasil, and the BIS Chair and General Manager.
Reserve Bank of Australia 2026-01-13
International central bank leaders issue joint statement backing Federal Reserve Chair Powell and central bank independence
Central bank leaders and Bank for International Settlements officials issued a joint statement supporting the Federal Reserve System and Chair Jerome H. Powell, emphasizing the critical importance of central bank independence for stability. The statement, endorsed by major central banks including the European Central Bank and the Bank of England, highlights Powell's integrity and commitment to the public interest.