The defense comes after Jerome Powell pushed back on what he described as pressure by the Trump administration to cut interest rates in the United States.

The heads of 10 central banks and other financial institutions say it's "critical to preserve" the Fed's independence, as Powell is pressured by the Trump administration.

Central bank governors from 11 institutions on Tuesday issued a statement saying they “stand in full solidarity with the Federal Reserve System and its Chair Jerome H Powell”, who has been the target of repeated attacks by the Trump administration.

The Federal Reserve chair said the central bank has been threatened with a criminal indictment over his testimony about building renovations.

Global central bank officials are working on a statement to show solidarity with Chairman Jerome Powell after the Trump administration dramatically escalated its pressure campaign toward the Federal Reserve,

JPMorgan CEO Jamie Dimon is the latest top voice in the banking world to lend his support to embattled Fed Chair Jerome Powell.

Global central bankers issued a statement Tuesday defending U.S. Federal Reserve Chair Jerome Powell following the launch of a criminal investigation into the central bank chief.

Jan 13 () - Global central bank officials are working on a statement to express support ​for Federal Reserve Chair Jerome Powell after ‌the Trump administration opened a criminal investigation into him,