Trump’s renewed attacks on Jerome Powell prompted an unusually coordinated defence of Federal Reserve independence from global policymakers and Wall Street leaders. President Donald Trump renewed his criticism of Federal Reserve Chair Jerome Powell on Tuesday, describing him as “incompetent or corrupt” and suggesting his departure could be imminent. The remarks triggered an unusually coordinated response from global central bank officials and senior Wall Street figures, who m

China’s central bank cut targeted lending rates, expanded financing quotas and pledged flexible liquidity support as policymakers move to stabilise growth. The People’s Bank of China announced a broad package of monetary support measures, including rate reductions, expanded lending facilities and fresh liquidity tools, as authorities intensify efforts to support economic growth and structural transformation. Deputy Governor Zou Lan said at a State Council Information Office b