Published 15 hours ago • loading... • Updated 12 hours ago

Loss of Independence of U.S. Fed Would Particularly Affect Canada: BoC’s Macklem

The head of the Bank of Canada, Tiff Macklem, stated that a loss of independence at the U.S. Federal Reserve would impact Canadian financial markets due to the integration of the economies.
Macklem noted that maintaining Fed independence benefits both Americans and Canadians during a news conference after the rate decision.
U.S. President Donald Trump criticized Fed chair Jerome Powell for not cutting rates fast enough, escalating tensions with the Fed.
Macklem emphasized the importance of central bank independence for economic stability and stated he stood in solidarity with Powell.

Insights by Ground AI

10 Articles

BoC's Tiff Macklem warns of effects on Canada if Fed independence compromised

Bank of Canada governor Tiff Macklem warned that a loss of independence at the U.S. Federal Reserve would have knock-on effects north of the border and around the world.

13 hours ago·Canada

Read Full Article

CTV News

Center

Loss of independence of U.S. Fed would particularly affect Canada: BoC’s Macklem

The head of the Bank of Canada says a loss of independence at the U.S. Federal Reserve would affect Canadian financial markets because of how integrated the two economies are.

15 hours ago·Canada

Read Full Article