Source: United States & Canada – South China Morning PostIn an extraordinary break from the diplomatic restraint typical of central banks, a dozen leaders of the world’s foremost monetary institutions issued a joint statement in January declaring their “full solidarity” with the US Federal Reserve and its embattled chair, Jerome Powell.
“The independence of central banks is a cornerstone of price, financial and economic stability in the interest of the citizens that we serve,” they wrote.
The move was intended to shore up the separation of monetary…Read More