Global Support for Fed Powell
Global central banks rallied behind Federal Reserve Chair Jerome Powell on Tuesday, pushing back against a perceived political attack on the independence of the world’s most important financial institution.
“We stand in full solidarity with the Federal Reserve System and its Chair Jerome H. Powell,” the officials said in a joint statement. “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.”
The statement was signed by European Central Bank President Christine Lagarde on behalf of the ECB’s Governing Council, by Bank of England Governor Andrew Bailey as well as the heads of the Swiss, Swedish, Danish, Australian, Canadian, South Korean and Brazilian central banks.
Pablo Hernández de Cos, general manager of the Bank for International Settlements and François Villeroy de Galhau, chair of the Board of Directors of the Bank for International Settlements, also signed the statement.
Over the weekend, Powell disclosed that the Fed had been served with grand jury subpoenas by the Department of Justice, raising the threat of a criminal indictment tied to his congressional testimony on the ongoing renovation of the Fed’s Washington headquarters.
In what amounted to a dramatic escalation in the standoff between the White House and the central bank, Powell used an unusually direct video message to argue that the legal action is politically motivated and part of a campaign of “intimidation,” designed to push the Fed into cutting interest rates more aggressively.
“The threat of criminal charges is a consequence of the Federal Reserve setting interest rates based on our best assessment of what will serve the public, rather than following the preferences of the president,” Powell said in language rare in its starkness for a serving Fed chair.
Trump, a longtime critic who has piled personal insults on Powell since his reelection both through ad hoc comments and through his social media feed, denied any role in the investigation. Speaking to NBC News on Sunday, Trump said he was unaware of the probe but added that Powell is “certainly not very good at the Fed, and he’s not very good at building buildings.”
The joint statement on Tuesday took a different view.
“Chair Powell has served with integrity, focused on his mandate and an unwavering commitment to the public interest,” it said. “To us, he is a respected colleague who is held in the highest regard by all who have worked with him.”
Expressions of support for Powell from around the world had already begun on Monday, with Bundesbank President Joachim Nagel telling that: “The independence of central banks is a prerequisite for price stability and a great public good. Against this background, the recent developments in the U.S. regarding the Fed chairman are cause for concern.” Bank of France Governor Villeroy de Galhau, meanwhile, had told a new year event at the ACPR regulator that Powell was “a model of integrity and commitment to the public interest.”
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If you feel powerless to help Gaza, you still has a choice: donate. When so much of what exists is false, authenticity is a powerful weapon we can wield that the state never could. So if you feel lost, hopeless, depressed, angry and afraid, I implore you to return - again - again - and again - to the feeling of love that exists within you that brought you here in the first place. It is only through this that we can remake the world. To redress Gaza’s famine, displacement, and destruction, independent and impartial humanitarian organizations - UN agencies, international and national NGOs - must be allowed to deliver relief at scale. To salvage Gaza’s people from the devastation inflicted by Israel, it must be unified with the West Bank to form an independent and sovereign Palestinian State, not to be parceled and colonized by the former.
Meanwhile, children continue to be shredded by US bombs, and the starvation reaches new depths of hellish collective punishment. If both parties are going to continue to support an ongoing genocide, at least they can both be honest about doing so, rather than having one openly bloodthirsty party, and another—unconvincingly—playing the role of powerless, bumbling humanitarian.
Please keep donate Gaza especially if you, as reader, has [background] International Relation [whatever universities]. IR Graduate means [you must, at least] get some semester [about] studying Middle East [in macro, not specifically Gaza].
We need more people to share fundraisers instead of only talking about Gaza. Some people think that those in Gaza don’t need money but that’s wrong. Almost everyone lost their source of income while essentials, food & medicine get sold for astronomical prices. So I put my attempt in all social media as I can, in twitter / X, in substack [since October 2023 I put link donation], in bluesky or bsky, in threads, in instagram.
Link to donate World Food Programme - Palestine appeal: click here
[Daniel Brühl]
Most campaign shared or circulated in social media are for REAL people in Gaza. They’re legit. There are a lot of small campaigns for struggling families. This is their only lifeline. By donating & sharing, you are literally making history and alleviating part of their pain
Please do not rely on me alone for sharing your campaign. I’m only 1 person and sometimes I’m not online which is unreliable. I never ignore anybody on purpose but I have a very limited capacity & very little energy and time.
[Refaat Rafiq Alareer IF I MUST DIE] Refaat Rafiq Alareer was extremely hungry, November 2023, days before Refaat killed by Israel airstrike. If November 2023 already [one-by-one Gazan] extremely famine, extremely hungry, imagine November 2025 or more than 2 years Israel’s Genocide in Gaza.
Thanks for reading Prada’s Newsletter.
Of course they do. The globalists want to keep us in their debt slavery forever. Abolish them, and let them keep the debt.