THE LATEST | CANADABloomberg: Bank of Canada Governor Tiff Macklem issued a firm defense of Jerome Powell after the Federal Reserve chair said the Trump administration was trying to strong-arm the central bank through a grand jury investigation.
“I reiterate my full support for Federal Reserve Board Chair Jay Powell, who reflects the very best in public service,” Macklem said Monday in an emailed statement to Bloomberg News.
“Chair Powell is doing a very good job under difficult circumstances, guiding the Fed to take monetary policy decisions based on evidence, not politics.”…