Independence is the 'DNA of central banks', Bundesbank president says
ReutersJul 17, 2025 10:53 AM
By Maria Martinez
DURBAN, July 17 (Reuters) - The head of Germany's Bundesbank on Thursday warned against interfering with the independence of central banks, following U.S. President Donald Trump's attacks on Federal Reserve Chair Jerome Powell.
"Independence of central banks is the DNA of central banks," Bundesbank President Joachim Nagel said. "So I believe it is dangerous to play with the independence of a central bank."
A Bloomberg report on Wednesday saying that Trump was likely to fire Powell soon sparked a drop in stocks and the dollar, and a rise in Treasury yields.
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