Source: Radio New Zealand
Jerome Powell, left, and Dr Anna Breman AFP / RNZ
RBNZ governor Anna Breman is one of the international central bankers who have signed a letter supporting US counterpart Jerome Powell, the Reserve Bank has confirmed.
Powell has been back to maintain the Federal Reserve’s independence after being served criminal charges by the Justice department.
President Donald Trump has been pushing for the central bank to drop cash rates.
The letter signed by 14 central bankers so far says Powell has served with integrity and the independence of the bank is a cornerstone of economic stability.
More to come..
– Published by EveningReport.nz and AsiaPacificReport.nz, see: MIL OSI in partnership with Radio New Zealand
