In a rare show of international solidarity, central bank leaders from nine major economies have jointly backed the U.S. Federal Reserve and its chairman Jerome Powell amid mounting legal pressure. The united statement comes from monetary authorities in Australia, Brazil, Canada, Denmark, the eurozone, South Korea, Sweden, Switzerland, and the United Kingdom.

This coordinated response underscores the global significance of the Fed's role in financial stability. The timing is notable given recent political tensions surrounding the central bank's independence and policy decisions. The collective backing from these major economies signals confidence in current monetary leadership during a period of economic uncertainty.

For crypto and digital asset markets, central bank coordination on policy matters carries substantial weight, as these institutions shape liquidity conditions, interest rate trajectories, and overall market sentiment. The statement reflects ongoing dialogue among the world's key financial policymakers on ensuring stability across interconnected global markets.