International central bankers on the statement by Federal Reserve Chair Powell on 11 January 2026 - European Central Bank

The European Central Bank has published a statement from international central bankers responding to remarks by Federal Reserve Chair Jerome Powell on 11 January 2026. The coordinated nature of the response is itself notable: cross-border commentary of this kind tends to appear when policy signals from one major central bank carry implications for global funding conditions, exchange rates and inflation expectations elsewhere.

For markets, the key takeaway is less any single line than the direction of travel it implies. When the world's largest central bank adjusts its tone, other authorities must weigh the spillover effects — a stronger dollar can tighten financial conditions abroad, while shifts in expected rate paths feed quickly into bond yields and currency pairs. The ECB's decision to publish alongside international peers suggests a shared focus on keeping those spillovers orderly.

What to watch from here: follow-up remarks from ECB and other central bank officials, incoming inflation and labour data on both sides of the Atlantic, and whether rate expectations in futures markets move in step. The substance of the statement, rather than the headline alone, will determine whether this marks a lasting shift in the global policy backdrop.