Those latter three were among more than a dozen, including the Bank of England and European Central Bank, whose chiefs spoke out in “full solidarity” with chair Jerome Powell, backing independence at a time when the administration in Washington is dialling up the pressure on him and his colleagues.
(Jan 25): The Federal Reserve and three of the central banks that just backed its embattled chair are poised to keep interest rates unchanged at an edgy moment for global policymakers.
Officials in Washington are widely expected to defy US President Donald Trump’s calls for lower borrowing costs on Wednesday at the end of their two-day meeting. Peers in Brazil, Canada, and Sweden may also retain current settings.
