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.
This article was written by Greg Michalowski at investinglive.com.