Economy

World’s top central bankers rally behind Fed chief Powell amid Trump pressure

January 13, 2026

In a rare show of unity, major global central bankers have rallied behind US Federal Reserve Chair Jerome Powell amidst increasing pressure from President Donald Trump to lower interest rates. They cautioned that political interference could destabilize global markets, emphasizing the importance of central bank independence.

Trump–Powell standoff shakes dollar and rattles global markets

Credit: Firstpost

Key Highlights

Top central bankers from the ECB, Bank of England, and Bank of Canada support Powell.
Trump is pressuring the Fed to cut interest rates.
Central bankers warn against political interference in monetary policy.
The standoff between Trump and Powell has caused market volatility.

World Business

Sources

World’s top central bankers rally behind Fed chief Powell amid Trump pressure

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

World’s top central bankers rally behind Fed chief Powell amid Trump pressure

Key Highlights

Sources

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