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Global Central Banks Support Jerome Powell Amid Investigation and Trump Criticism

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The Australian share market is projected to open marginally lower, following a retreat from record highs on Wall Street.

US Federal Reserve Chair Jerome Powell is facing a criminal investigation and has been the subject of ongoing criticism from Donald Trump.

In response, central bank leaders from around the world, including Michele Bullock of the Reserve Bank of Australia, have collectively released a statement expressing support for Mr. Powell.