Political pressure on central banker independence is increasing

Three top central bankers faced political pressures during a conference near Lisbon, Portugal. Christine Lagarde, Jerome Powell, and Roberto Campos Neto are under scrutiny amidst political backlash. Campos Neto faces attacks from the Brazilian president, Powell is targeted by former US President Trump, and Lagarde faces challenges from French President Macron. The spotlight will be on them at the upcoming annual Fed symposium in Wyoming. The era of central bank independence may be waning, as political interference grows. The outcome of these pressures could have significant implications on the global economy.