---
title: "Global Central Bankers in \"Full solidarity\" with Fed's Powell"
description: "Claims that the Fed is “losing independence” are being reframed by James E. Thorne as misleading. According to this view, Chair Powell publicly suggested the DOJ was threatening a criminal indictment over his testimony on costly Fed building renovations—despite the DOJ never using that term.\n\nThe U.S. Attorney’s Office had repeatedly sought clarification on cost overruns and testimony accuracy, but those requests were ignored until grand jury subpoenas were issued, after which Powell framed the situation as retaliation.\n\nMonetary policy independence remains intact, but it does not imply immunity from fiscal or legal oversight. Invoking “central bank independence” in this context is seen as an attempt to shield the Fed from accountability rather than a genuine threat to rate-setting autonomy.\n\nSource: Bloomberg, James E. Thorne\n@DrJStrategy"
---

[Syz The Moment](https://blog.syzgroup.com/syz-the-moment)

# [Global Central Bankers in "Full solidarity" with Fed's Powell](https://blog.syzgroup.com/syz-the-moment/global-central-bankers-in-full-solidarity-with-feds-powell)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | Jan 14, 2026, 3:53:35 PM

[View full post](https://blog.syzgroup.com/syz-the-moment/global-central-bankers-in-full-solidarity-with-feds-powell)

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