Sweden's Riksbank joins global central bank leaders in statement supporting Federal Reserve independence and Chair Jerome H. Powell

Sweden's Riksbank published a joint statement, signed by a group of central bank leaders, expressing solidarity with the Federal Reserve System and its Chair Jerome H. Powell and underscoring central bank independence as a cornerstone of price, financial and economic stability. The statement argues that preserving independence is critical, while maintaining full respect for the rule of law and democratic accountability. It also praises Chair 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, Danmarks Nationalbank, the Swiss National Bank, Norges Bank, the Central Bank of Iceland, the Reserve Bank of Australia, the Bank of Canada, the Bank of Korea, Bank Indonesia, the Central Bank of Brazil, the South African Reserve Bank, the Reserve Bank of New Zealand and the Bank for International Settlements. The statement notes that additional central banks may be added as signatories later.