Bank Indonesia publicly backs Fed Chair Jerome Powell

Bank Indonesia added Governor Perry Warjiyo as a signatory to an online statement supporting Federal Reserve Chair Jerome Powell, becoming the first Southeast Asian central bank reported to do so; other central banks including the ECB and Bank of England had expressed support earlier.

Bank Indonesia has added Governor Perry Warjiyo to a public online statement supporting Federal Reserve Chair Jerome Powell. The move was reported as making the bank the first monetary authority in Southeast Asia to sign the statement. Central bank leaders at the European Central Bank and the Bank of England had earlier expressed support for Powell. The statements followed Powell's remarks that the Trump administration had threatened the Fed with criminal charges. Key details: - Perry Warjiyo was added as a signatory to an online statement of support for Jerome Powell. - Bank Indonesia is reported to be the first Southeast Asian central bank to publicly join the statement. - Central bank chiefs at the European Central Bank and Bank of England had also expressed support earlier in the week. - Bank Indonesia did not immediately respond to Bloomberg News when asked for comment. - The central bank has faced scrutiny after an anti-corruption agency raid in late 2024 that remains ongoing. Summary: The endorsement places Bank Indonesia alongside other major central banks that publicly signaled support for Powell and highlights how such statements can carry diplomatic and political sensitivity. Undetermined at this time.