LONDON, United Kingdom — The heads of major central banks have thrown their support behind the US Federal Reserve and its chair Jerome Powell, saying in a joint statement Tuesday that it was “critical” to preserve their independence. US prosecutors have issued subpoenas against Powell threatening a criminal indictment, an unprecedented move widely seen as an escalation of President Donald Trump’s campaign against the central bank. The inquiry prompted a rare public rebuke by Powell on Sunday, who vowed to continue setting monetary policy “without political fear or favor”. “We stand in full solidarity with the Federal Reserve System and […]... Keep on reading: Central bank chiefs voice 'full solidarity' with US Fed, Powell