Top central bankers express ‘full solidarity’ with Fed Chair Powell in clash with Trump

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By DAVID McHUGH, Associated Press Business Writer

FRANKFURT, Germany (AP) — Central bankers from around the world said Tuesday they “stand in full solidarity” with U.S. Federal Reserve Chair Jerome Powell, after President Donald Trump dramatically escalated his confrontation with the Fed with the Justice Department investigating and threatening criminal charges.

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Powell “has served with integrity, focused on his mandate and an unwavering commitment to the public interest,” read the statement signed by nine national central bank heads including European Central Bank President Christine Lagarde and Bank of England Governor Andrew Bailey.

They added that “the independence of central banks is a cornerstone of price, financial and economic stability in the interest of the citizens that we serve. It is therefore critical to preserve that independence, with full respect for the rule of law and democratic accountability.”

The dispute is ostensibly about Powell’s testimony to Congress in June over the cost of a massive renovation of Fed buildings. But in a statement Sunday, Powell, abandoning his previous attempt to ignore Trump’s relentless criticism, called the administration’s threat of criminal charges “pretexts’’ in the president’s campaign to seize control of U.S. interest rate policy from the Fed’s technocrats.

Trump has repeatedly criticized Powell and the Fed for not moving faster to cut rates. Economists warn that a politicized Fed that caves in to the president’s demands will damage its credibility as an inflation fighter and likely lead investors to demand higher rates before investing in U.S. Treasurys.

Other signatories of the statement carried on the ECB’s website were Erik Thedeen, governor of Sweden’s central bank; Christian Kettel Thomsen, chair of Denmark’s central bank; Swiss National Bank Chair Martin Schlegel; Michele Bullock, governor of the Reserve Bank of Australia; Tiff Macklem, governor of the Bank of Canada; Bank of Korea Governor Chang Yong Rhee; Gabriel Galipolo, governor of the Banco Central do Brasil.

Also attaching their names were François Villeroy de Galhau, board chair of the Bank for International Settlements, and Pablo Hernández de Cos, BIS general manager. The BIS is an international organization of central banks based in Basel, Switzerland.

One prominent central bank not included in the statement was the Bank of Japan. The statement said that more signatures could be added later.

Supreme Court takes up culture war battle over transgender athletes in school sports

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By MARK SHERMAN, Associated Press

WASHINGTON (AP) — The Supreme Court is hearing arguments Tuesday over state laws barring transgender girls and women from playing on school athletic teams.

Lower courts ruled for the transgender athletes in Idaho and West Virginia who challenged the state bans, but the conservative-dominated Supreme Court might not follow suit.

FILE – Protestors hold signs during a rally at the state capitol in Charleston, W.Va., on March 9, 2023. (AP Photo/Chris Jackson, file)

In just the past year, the justices ruled in favor state bans on gender-affirming care for transgender youths and allowed multiple restrictions on transgender people to be enforced.

The legal fight is playing out amid a broad effort by President Donald Trump to target transgender Americans, beginning on the first day of his second term and including the ouster of transgender people from the military and declaring that gender is immutable and determined at birth.

The culture war cases come from Idaho and West Virginia, among the first of the more than two dozen Republican-led states that have banned transgender athletes from girls’ and women’s teams.

The justices are evaluating claims of sex discrimination lodged by transgender people versus the need for fair competition for women and girls, the main argument made by the states.

In the first case, Lindsay Hecox, 25, sued over Idaho’s first-in-the-nation ban for the chance to try out for the women’s track and cross-country teams at Boise State University in Idaho. She didn’t make either squad but competed in club-level soccer and running.

Becky Pepper-Jackson, a 15-year-old high school sophomore, has been taking puberty-blocking medication, publicly identified as a girl since age 8 and has been issued a West Virginia birth certificate recognizing her as female. She is the only transgender person who has sought to compete in girls’ sports in West Virginia.

Pepper-Jackson has progressed from a back-of-the-pack cross-country runner in middle school to a statewide third-place finish in the discus in just her first year of high school.

Prominent women in sports have weighed in on both sides. Tennis champion Martina Navratilova, swimmers Summer Sanders and Donna de Varona and beach volleyball player Kerri Walsh-Jennings are supporting the state bans. Soccer stars Megan Rapinoe and Becky Sauerbrunn and basketball players Sue Byrd and Breanna Stewart back the transgender athletes.

The high-court arguments are expected to focus on whether the sports bans violate the Constitution or the landmark federal law known as Title IX, which prohibits sex discrimination in education.

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In 2020, the Supreme Court ruled LGBTQ people are protected by a landmark federal civil rights law that prohibits sex discrimination in the workplace, finding that “sex plays an unmistakable role” in employers’ decisions to punish transgender people for traits and behavior they otherwise tolerate.

But last year, the six conservative justices on the nine-member court declined to apply the same sort of analysis when they upheld state bans on gender-affirming care for transgender minors.

The states supporting the prohibitions on transgender athletes argue there is no reason to extend the ruling barring workplace discrimination to Title IX, which dramatically increased opportunities for girls and women in school sports.

Lawyers for Pepper-Jackson argue that the law protects people like their client from discrimination. They are asking for a ruling that would apply to the unique circumstances of her early transition. In Hecox’s case, her lawyers want the court to dismiss the case because she has forsworn trying to play on women’s teams.

Despite the small numbers of transgender athletes, the issue has taken on outsize importance. The NCAA and the U.S. Olympic and Paralympic Committees banned transgender women from women’s sports after Trump, a Republican, signed an executive order aimed at barring their participation.

The public generally is supportive of the limits. An Associated Press-NORC Center for Public Affairs Research poll conducted in October 2025 found that about 6 in 10 U.S. adults “strongly” or “somewhat” favored requiring transgender children and teenagers to only compete on sports teams that match the sex they were assigned at birth, not the gender they identify with, while about 2 in 10 were “strongly” or “somewhat” opposed and about one-quarter did not have an opinion.

About 2.1 million adults, or 0.8%, and 724,000 people age 13 to 17, or 3.3%, identify as transgender in the U.S., according to the Williams Institute at the UCLA School of Law.

A decision is expected by early summer.

The BBC seeks to dismiss Trump’s $10B defamation lawsuit in a Florida court

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By JILL LAWLESS and BRIAN MELLEY, Associated Press

LONDON (AP) — The BBC plans to ask a court to throw out U.S. President Donald Trump’s $10 billion lawsuit against the British broadcaster, court papers show.

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Trump filed a lawsuit in December over the way the BBC edited a speech he gave on Jan. 6, 2021. The claim, filed in a Florida federal court, seeks $5 billion in damages for defamation and $5 billion for unfair trade practices.

The speech took place before some of Trump’s supporters stormed the U.S. Capitol as Congress was poised to certify President-elect Joe Biden’s victory in the 2020 election that Trump falsely alleged was stolen from him.

The BBC had broadcast the documentary — titled “Trump: A Second Chance?” — days before the 2024 U.S. presidential election. It spliced together three quotes from two sections of the 2021 speech, delivered almost an hour apart, into what appeared to be one quote in which Trump urged supporters to march with him and “fight like hell.” Among the parts cut out was a section where Trump said he wanted supporters to demonstrate peacefully.

The broadcaster has apologized to Trump over the edit of the Jan. 6 speech. But the publicly funded BBC rejects claims it defamed him. The furor triggered the resignations of the BBC’s top executive and its head of news.

Papers filed Monday in U.S. District Court in Miami say the BBC will file a motion to dismiss the case on March 17 on the basis that the court lacks jurisdiction and Trump failed to state a claim.

The broadcaster’s lawyers will argue that the BBC did not create, produce or broadcast the documentary in Florida and that Trump’s claim the documentary was available in the U.S. on streaming service BritBox is not true.

It will also argue that Trump has failed to “plausibly allege” the BBC acted with malice in airing the documentary.

Attorney Charles Tobin, for the BBC, said Trump can’t prove actual damages because he won reelection by a commanding margin, and carried Florida by 13-point margin, better than his 2016 and 2020 performances. He said the documentary also couldn’t have harmed his reputation because it aired after Trump was indicted by a federal grand jury over alleged efforts to overturn the 2020 election, including allegations he “directed the crowd in front of him to go to the Capitol.”

The BBC is asking the court to postpone discovery — the pretrial process in which parties must turn over documents and other information — pending a decision on the motion to dismiss. The discovery process could require the BBC to hand over reams of emails and other materials related to its coverage of Trump.

“Engaging in unbounded merits-based discovery while the motion to dismiss is pending will subject defendants to considerable burdens and costs that will be unnecessary if the motion is granted,” Tobin wrote.

If the case continues, a 2027 trial date has been proposed.

“As we have made clear previously, we will be defending this case,” the BBC said Tuesday in a statement. “We are not going to make further comment on ongoing legal proceedings.”

Trump will visit a Ford factory and promote manufacturing in Detroit

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By WILL WEISSERT and COREY WILLIAMS, Associated Press

DETROIT (AP) — President Donald Trump will travel to Michigan on Tuesday to promote his efforts to boost U.S. manufacturing, trying to counter fears about a weakening job market and worries that still-rising prices are taking a toll on Americans’ pocketbooks.

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The day trip will include a tour of a Ford factory in Dearborn that makes F-150 pickups, the bestselling domestic vehicle in the U.S. The Republican president is also set to address the Detroit Economic Club at the MotorCity Casino.

November’s off-year elections in Virginia, New Jersey and elsewhere showed a shift away from Republicans as public concerns about kitchen table issues persist. In their wake, the White House said Trump would put a greater emphasis on talking directly to the public about his economic policies after doing relatively few events around the country earlier in his term.

The president has suggested that jitters about affordability are a “hoax” unnecessarily stirred by Democrats. Still, though he’s imposed steep tariffs on U.S. trading partners around the world, Trump has reduced some of them when it comes to making cars — including extending import levies on foreign-made auto parts until 2030.

Ford announced last month that it was scrapping plans to make an electric F-150, despite pouring billions of dollars into broader electrification, after the Trump administration slashed targets to have half of all new vehicle sales be electric by 2030, eliminated EV tax credits and proposed weakening the emissions and gas mileage rules.

Trump’s Michigan swing follows economy-focused speeches he gave last month in Pennsylvania — where his gripes about immigrants arriving to the U.S. from “filthy” countries got more attention than his pledges to fight inflation — and North Carolina, where he insisted his tariffs have spurred the economy, despite residents noting the squeeze of higher prices.

Trump carried Michigan in 2016 and 2024, after it swung Democratic and backed Joe Biden in 2020. He marked his first 100 days in office with a rally-style April speech outside Detroit, where he focused more on past campaign grudges than his administration’s economic or policy plans.

During that visit nearly nine months ago, Trump also spoke at Selfridge Air National Guard Base and announced a new fighter jet mission, allaying fears that the base could close. It represented a win for Michigan Democratic Gov. Gretchen Whitmer — and the two even shared a hug.

This time, Democrats have panned the president’s trip, singling out national Republicans’ opposition to extending health care subsidies and recalling a moment in October 2024 when Trump suggested that Democrats’ retaining the White House would mean “our whole country will end up being like Detroit.”

“You’re going to have a mess on your hands,” Trump said during a campaign stop back then.

Curtis Hertel, chair of the Michigan Democratic Party, said that “after spending months claiming that affordability was a ‘hoax’ and creating a health care crisis for Michiganders, Donald Trump is now coming to Detroit — a city he hates — to tout his billionaire-first agenda while working families suffer.”

“Michiganders are feeling the effects of Trump’s economy every day,” Hertel said in a statement.

Weissert reported from Washington.