Twelve top central bankers defend Fed’s Jerome Powell over DoJ investigation; oil hits two-month high as Trump threatens Iran’s trading partners – as it happened

Central bankers from across the world say they stand in full solidarity with the Federal Reserve System and its Chair Jerome H. Powell"

• Full story: Global central banks offer full solidarity' to US Fed's Powell amid Trump threats

• Video: US Federal Reserve chair says DOJ has threatened criminal indictment

Global central bank officials are reportedly planning to release a coordinated statement of support for US Federal Reserve Chair Jerome Powell, after America's top central banker was threatened with a criminal indictment.

Reuters is reporting that the statement, which is expected to contain the signatures of central bankers from around the world, will back Powell and stress the need for independent central banking.