Central bank independence and sovereign default | Federal Reserve Bank of Minneapolis

Central bank independence and sovereign default

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Colorful stylized graphic landscape with vibrant charts and technology-related elements layered on top. Image features an interconnected lattice of hexagon shapes, six of which frame photos of individuals as they spoke at the Minneapolis Fed's 2026 Center for Indian Country Data Summit. The six speakers are Michelle Beaudin, Lac Courte Oreilles Band of Lake Superior Chippewa; Zechariah Harjo, Muscogee (Creek) Nation; Mike Lettig, Huntington Bank; Casey Lozar, Federal Reserve Bank of Minneapolis; Traci Morris, Arizona State University; and Michael Running Wolf, First Languages AI Reality.

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As tensions rise, countries borrow less from rivals—at the cost of global financial stability

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