Germany’s chief central banker praises Fed Chair Powell

Central Bank Independence - Central bank independence is key to achieving price stability and building the basis for economic growth [1] - Germany's economic miracle after 1948 was attributed to the establishment of an independent central bank with the help of the United States [1] Monetary Policy and Leadership - The speaker acknowledges the importance of Paul's speeches at Jackson Hole [2] - The speaker considers Paul an outstanding and excellent central banker [2] - This year's Jackson Hole meeting is expected to be very important for Paul, as it is his last meeting in his current role [2]