Federal Reserve Governor Stephen Miran said Wednesday it was inappropriate for prominent central bank officials from around the world to publicly defend Fed Chair Jerome Powell amid a Department of Justice criminal investigation.

Miran, who was appointed by President Donald Trump, made the remarks at an economics conference in Athens, Greece, criticizing a letter signed by the heads of the European Central Bank and central banks in the United Kingdom, Sweden, Denmark, Switzerland, Australia, Canada, South Korea, and Brazil, The Wall Street Journal reported.

The letter expressed “solidarity” with Powell and emphasized the importance of central bank independence.

More here

Tagged: Politics BACK TO HOMEPAGE