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Germany's Klingbeil Urges Fed Independence Amid U.S. Probe

1/12/2026

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Summary

Story summary

Lars Klingbeil, German Finance Minister, stressed central bank independence during his Washington visit on January 12, 2026, amid the U.S. Department of Justice (DOJ) probe of Jerome Powell.
He criticized the administration of U.S. President Donald Trump for pressuring the Fed.
He noted the G7's focus on reducing reliance on Chinese rare earths.
He urged price floors for European production and called for accelerated EU raw material recycling.

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Story summary

Lars Klingbeil, German Finance Minister, stressed central bank independence during his Washington visit on January 12, 2026, amid the U.S. Department of Justice (DOJ) probe of Jerome Powell.
He criticized the administration of U.S. President Donald Trump for pressuring the Fed.
He noted the G7's focus on reducing reliance on Chinese rare earths.
He urged price floors for European production and called for accelerated EU raw material recycling.