Bailey underscores support for Powell
BoE governor also points to potential spillover risks to UK from events in US
Andrew Bailey has reaffirmed his support for his US counterpart Jerome Powell, while pointing to the potential spillover effects on UK financial stability from events across the Atlantic.
During questioning today (January 20) by members of the House of Commons Treasury Select Committee, the Bank of England governor was asked why he had signed an open letter last week expressing full solidarity with the chair of the Federal Reserve, who is facing a criminal investigation in the US.
Bailey said
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