In Tuesday’s joint statement, the governors of major central banks, including those in Europe, affirmed their “full solidarity” with the Fed and Powell.
“The independence of central banks is a cornerstone of price, financial and economic stability in the interest of the citizens that we serve,” the joint statement said.
More than 10 central banks have participated in the action on behalf of their US counterpart, including the European Central Bank and those in Britain, Switzerland, Australia, Canada, South Korea, Brazil, and Indonesia.