13 January 2026

We stand in full solidarity with the Federal Reserve System and its Chair Jerome H. Powell. The independence of central banks is a cornerstone of price, financial and economic stability in the interest of the citizens that we serve. It is therefore critical to preserve that independence, with full respect for the rule of law and democratic accountability. Chair Powell has served with integrity, focused on his mandate and an unwavering commitment to the public interest. To us, he is a respected colleague who is held in the highest regard by all who have worked with him.

Christine Lagarde, President of the European Central Bank on behalf of the ECB Governing Council

Andrew Bailey, Governor of the Bank of England

Erik Thedéen, Governor of Sveriges Riksbank

Christian Kettel Thomsen, Chairman of the Board of Governors of the Danmarks Nationalbank

Martin Schlegel, Chairman of the Governing Board of the Swiss National Bank

Ida Wolden Bache, Governor of Norges Bank

Michele…