New Zealand’s foreign minister has publicly reprimanded Anna Breman, the central bank governor, after she signed a letter of support for Federal Reserve chair Jay Powell alongside other global reserve bank leaders.
Breman, the Swedish banker who took over as head of the Reserve Bank of New Zealand in December, co-signed the letter this week in which global central bankers declared their “full solidarity” with Powell after US prosecutors announced a criminal investigation into the Fed chair.
The probe, which centres on cost overruns in a $2.5bn renovation of the Fed’s headquarters, marked a sharp escalation of President Donald Trump’s attacks on the US central bank, which he has sought to pressure into slashing interest rates.
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