The Bank of England published a joint statement by international central bank leaders expressing full solidarity with the Federal Reserve System and its Chair Jerome H. Powell, following Powell’s 11 January 2026 statement, and reaffirming that central bank independence underpins price, financial and economic stability. The signatories said independence must be preserved with full respect for the rule of law and democratic accountability, and described Powell as serving with integrity, focused on his mandate and the public interest. The statement was issued in the names of Christine Lagarde (European Central Bank), Andrew Bailey (Bank of England), Erik Thedéen (Sveriges Riksbank), Christian Kettel Thomsen (Danmarks Nationalbank), Martin Schlegel (Swiss National Bank), Michele Bullock (Reserve Bank of Australia), Tiff Macklem (Bank of Canada), Chang Yong Rhee (Bank of Korea), Gabriel Galípolo (Banco Central do Brasil) and senior leaders of the Bank for International Settlements, including François Villeroy de Galhau and Pablo Hernández de Cos.
Bank of England 2026-01-13
Bank of England joins international central bankers in statement backing Federal Reserve Chair Powell and central bank independence
The Bank of England released a joint statement from international central bank leaders supporting the Federal Reserve and Chair Jerome Powell, emphasizing central bank independence for stability and praising Powell's integrity. Signatories include leaders from the European Central Bank, Sveriges Riksbank, Danmarks Nationalbank, Swiss National Bank, Reserve Bank of Australia, Bank of Canada, Bank of Korea, Banco Central do Brasil, and the Bank for International Settlements.