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flag Australian Treasurer Jim Chalmers supported global central bank leaders in backing Fed Chair Powell amid U.S. threats to criminally indict him over Fed HQ renovations.

flag Australian Treasurer Jim Chalmers backed Reserve Bank of Australia Governor Michele Bullock’s decision to join central bank leaders from Europe, Canada, and New Zealand in expressing solidarity with Federal Reserve Chair Jerome Powell. flag The gesture followed U.S. threats to criminally indict Powell over a probe into Fed headquarters renovations, which Powell called a pretext to influence interest rates. flag The move highlighted global concern over threats to central bank independence, with Chalmers calling the support "entirely appropriate" and emphasizing Australia’s commitment to the principle, while New Zealand’s foreign minister criticized his country’s involvement in U.S. politics.

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