NZ Governor Faces Backlash for Fed Support

The governor of New Zealand's central bank, Anna Breman, signed a statement with other global central bank leaders supporting the independence of the U.S. Federal Reserve and its chair, Jerome Powell.

This happened because the U.S. government was threatening Powell, and Breman believes central banks should be independent.

However, New Zealand's Foreign Minister, Winston Peters, criticized Breman for getting involved in U.S. politics, saying the central bank should focus only on New Zealand's economy.

Breman started her job recently after some challenges at the bank, including the sudden resignation of the previous governor and chair.

New Zealand and the U.S. are close friends, and Peters has talked about the importance of respecting each other.