Donald Trump says ‘we’re screwed’ if supreme court rejects global trade tariffs – US politics live
President says ‘it would be a complete mess’ if the supreme court rules against tariffs, with decision expected as soon as WednesdayEleven of the world’s top central bankers have released...
By Frances Mao · The Guardian World
President says ‘it would be a complete mess’ if the supreme court rules against tariffs, with decision expected as soon as Wednesday Eleven of the world’s top central bankers have released a statement of support for Fed chair Jerome Powell, after the US Department of Justice opened a criminal investigation into him which he argued was politically driven. In an unprecedented move, top central bank chiefs including the Bank of England’s Andrew Bailey , and Christine Lagarde of the European Central Bank , have backed Powell, and warned against undermining central bank independence. 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. 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 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 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 Continue reading...