Core Viewpoint - The article discusses the escalating conflict over U.S. monetary policy authority, triggered by a U.S. Department of Justice investigation into the Federal Reserve, which may lead to criminal charges, thereby straining the relationship between the White House and the Federal Reserve [3]. Group 1: Global Central Bank Response - Nine central bank governors issued a rare joint statement supporting Federal Reserve Chairman Jerome Powell, emphasizing their alignment with his commitment to public duty and professional integrity [3]. - The statement highlights the importance of central bank independence as a key pillar for price stability, financial security, and overall economic order, warning that any erosion of this principle would harm long-term societal interests [3][4]. Group 2: Context and Implications - The controversy originated from Powell's testimony regarding the cost of the Federal Reserve's headquarters renovation, which initially seemed like a technical issue but escalated with the Justice Department's involvement [4]. - Powell indicated that the criminal threat is being used as a political tool to undermine the Federal Reserve's professional judgment on interest rate policy [4]. - The tension between the Federal Reserve and the White House has historical roots, with past criticisms from President Trump regarding the Fed's interest rate decisions, raising concerns about the potential impact on inflation control and market perceptions of U.S. Treasury risk [4]. Group 3: International Perspective - The joint statement included central bank leaders from major economies as well as those from Sweden, Denmark, Switzerland, Australia, Canada, South Korea, and Brazil, indicating a broad international concern regarding the issue [4]. - The absence of the Bank of Japan from the joint statement has led to various interpretations in the market, suggesting that the ongoing debate over central bank independence and political boundaries could have significant implications for global financial governance [5].
FXTRADING 财经看点（亚太区01/14）
Sou Hu Cai Jing·2026-01-14 07:36