Andrew Bailey is among a group of international central bank governors who say they «stand in full solidarity» with Jerome Powell and the independence of the Federal Reserve.
The governor of the Bank of England has joined a chorus of opposition to the treatment of his US counterpart following revelations he is facing a criminal inquiry.
Andrew Bailey is among a group of global central bank bosses to sign a statement backing Federal Reserve chair Jerome Powell.
He revealed on Sunday that he and the Fed were being threatened with possible Department of Justice (DoJ) charges as part of initial inquiries into spiralling renovation costs.
Mr Powell, who had remained largely tight-lipped over a long-running battle with the Trump administration for control of central bank voting until then, claimed the action was a «pretext» to gain more influence over US monetary policy.
There has been cross-party condemnation of his treatment.
