Bank of Canada Macklem: Powell is doing very good job under trying circumstances

  • Canada central banker supports his fellow US central banker
Tiff Macklem
Tiff Macklem

BOC Macklem is supporting his US counterpart Powell. Says:

  • Fed chair Powell is doing very good job under trying circumstances.
  • Trump's the repeated attacks on the Fed are a concern.
  • History shows a central banks that have operational independence for monetary policy do a better job at delivering price stability for their citizens.
  • Accountability goes hand-in-hand with independence

Not market moving war policy related but supportive of the idea of the importance of central bank independence.

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