Central bankers from around the world are gathering in Jackson Hole, Wyoming for the Federal Reserve’s annual conference to show support for their chairman Jerome Powell amid intense criticism from President Donald Trump. The Fed chair is under pressure due to Trump’s demands to lower interest rates and replace him as head of the central bank next year.
In a surprising move, top officials at the US Treasury Department accused a Fed governor, Lisa Cook, of mortgage fraud. This escalation has prompted global peers to rally around Powell in a show of unity. The gathering will see bankers exchanging ideas, but ultimately defending their chairman against Trump’s aggressive attacks.
Source: https://www.bloomberg.com/news/articles/2025-08-20/powell-s-global-peers-to-cheer-for-fed-in-rebuke-to-trump