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Reserve Bank of New Zealand Governor Anna Breman defended her decision to publicly back Federal Reserve Chair Jerome Powell. The statement, supporting Powell’s professionalism, drew a rare rebuke from New Zealand’s Foreign Minister, Winston Peters, who criticized the central bank chief for interfering in U.S. domestic politics. Breman maintained that her comments were intended to support the independence of central banking globally and were not a political endorsement. The incident has sparked debate over the boundaries of the central bank’s role in international discourse.
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