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.

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,

U.S. Federal Reserve Chair Jerome Powell “has served with integrity, focused on his mandate and an unwavering commitment to the public interest,” read the statement signed by nine national central bank heads.

Federal Reserve Bank of Atlanta President Raphael Bostic said on Friday in a radio interview inflation issues are still at the forefront of his economic concerns, in comments that added the job market continues to be in a low-hire,

The central bank faces two major hurdles early on in 2026 that will determine the extent to which it operates free of political meddling.

Bank of America's top executive is stepping into one of the most sensitive debates in Washington, warning that political pressure on the Federal Reserve could backfire on markets and the broader economy.

A drop in the unemployment rate may ease concerns at the U.S. central bank about labor market weakness, with traders betting Federal Reserve Chair Jerome Powell has delivered his last interest rate cut before his term ends in May and leaving any further policy easing in the hands of whomever President Donald Trump taps as Powell's successor.