Reserve Bank Governor Anna Breman has joined other central bank governors in offering support for US Federal Reserve Chairman Jerome Powell.
In a statement Breman and others, including European Central Bank President Christine Lagarde, Reserve Bank of Australia Governor Michele Bullock and Bank of England Governor Andrew Bailey, say they; "stand in full solidarity with the Federal Reserve System and its Chair Jerome H. Powell."
The US Department of Justice has served the Fed with grand jury subpoenas threatening a criminal indictment related to Powell's testimony before the US Senate Banking Committee last June, the Fed says. That testimony included discussion of a multi-year project to renovate Federal Reserve office buildings.
Powell says, however, this "unprecedented action" should be seen in the broader context of threats and ongoing pressure on the Fed from US President Donald Trump's administration.
Also see; Trump’s unprecedented attacks on Powell aren't merely a domestic US issue.
Below is the statement is support of Powell.
International central bankers on the statement by Federal Reserve Chair Powell on 11 January 2026
13 January 2026
We stand in full solidarity with the Federal Reserve System and its Chair Jerome H. Powell. The independence of central banks is a cornerstone of price, financial and economic stability in the interest of the citizens that we serve. It is therefore critical to preserve that independence, with full respect for the rule of law and democratic accountability. Chair Powell has served with integrity, focused on his mandate and an unwavering commitment to the public interest. To us, he is a respected colleague who is held in the highest regard by all who have worked with him.
Christine Lagarde, President of the European Central Bank on behalf of the ECB Governing Council
Andrew Bailey, Governor of the Bank of England
Erik Thedéen, Governor of Sveriges Riksbank
Christian Kettel Thomsen, Chairman of the Board of Governors of the Danmarks Nationalbank
Martin Schlegel, Chairman of the Governing Board of the Swiss National Bank
Ida Wolden Bache, Governor of Norges Bank
Michele Bullock, Governor of the Reserve Bank of Australia
Tiff Macklem, Governor of the Bank of Canada
Chang Yong Rhee, Governor of the Bank of Korea
Gabriel Galípolo, Governor of the Banco Central do Brasil
Lesetja Kganyago, Governor of the South African Reserve Bank
Anna Breman, Governor of the Reserve Bank of New Zealand
François Villeroy de Galhau, Chair of the Board of Directors of the Bank for International Settlements
Pablo Hernández de Cos, General Manager of the Bank for International Settlements
Note: Other central banks may be added to the list of signatories later on.
1 Comments
Central bankers and BIS honchos. The common element among this lot is that they belong to banks that traditionally have swap lines with the Federal Reserve. These swap lines shape global geopolitics by creating hierarchies and signaling political alignment.
Anna was only going to lend her support. The joint statement is entirely predictable. Turkeys don't vote for Xmas.
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