Trump attacks on Fed threaten central banks’ independence

US PRESIDENT Donald J. Trump’s continued attacks on US Federal Reserve Chair Jerome H. Powell pose a threat to global central banks’ independence, the Bangko Sentral ng Pilipinas (BSP) chief said.

- Katherine K. Chan with Reuters

BSP Governor Eli M. Remolona, Jr. said he shared the concerns expressed by top central bankers at the Fed’s annual Jackson Hole symposium last week about how the Mr. Trump’s attacks on the US central bank could spill over and set a dangerous precedent for the rest of the world.

“(It’s a) very significant threat,’ Mr. Remolona told reporters on the sidelines of an event on Tuesday.