More from BoC Gov Macklem, expressing concern over Trump's attack on Fed independence

Bank of Canada Governor Tiff Macklem says Fed Chair Powell is doing very good job under trying circumstancesTrump’s repeated attacks on the Fed are a concernsays history shows central banks that have operational independence for monetary policy do a better job at delivering price stability for their citizenssays accountability goes hand in hand with independencesays he made his comments about the Fed now because it is starting to have consequences in financial marketsthere is a concern in the market that at precisely at the moment when you want that hedge the most, it may not be there any moreEarlier:BOC’s Macklem: For many investors, the value of the USD as a hedge has been dentedJustin posted an interesting piece earlier, on bargain bin buying of US assets as the USD and Ts slumped: Are capital flows really moving away from the US this year?
This article was written by Eamonn Sheridan at investinglive.com.

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