Global central bankers defend Fed chair after Trump investigation and insults

President Donald Trump has launched a criminal investigation into Federal Reserve Chair Jerome Powell and publicly insulted him, calling him a "cretin." This move has drawn comparisons on Wall Street to political instability in less developed nations.

In response, central bankers from around the world, including Australia's Michele Bullock, have publicly rallied to Powell's defense. They are expressing support for the Fed's independence amid the political pressure from Trump.