But Powell had a second message in his remarks, in which he stressed the bank’s independence ahead of the next presidential election. Central banks everywhere find themselves in the political cross hairs. How big is the threat, and what’s at stake? We’ll unpack the growing tension between populism and policy makers below.Canadian stock market listings. Now the TMX is slated to get a new addition, albeit one some investors are already well familiar with.
As if on cue, the first question Powell faced from senators started with “Former president Trump ...” The problem is that monetary policy is all about hard decisions. When the economy is running hot and unemployment is low, central bankers raise interest rates to slow things down to keep inflation in check. Show me a politician willing to make that decision.Not really since the 1960s when prime minister John Diefenbaker and Bank of Canada governor James Coyne got into an almighty tussle, that ultimately led to Coyne’s resignation.
A more concerning comment came from Finance Minister Chrystia Freeland, who called the bank’s decision to stop raising interest rates last July a “welcome relief for Canadians.” This was seen as a more serious breach of protocol, as the Finance Minister has the power to give instructions to the central bank governor.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
स्रोत: globeandmail - 🏆 5. / 92 और पढो »
स्रोत: globeandmail - 🏆 5. / 92 और पढो »
स्रोत: globeandmail - 🏆 5. / 92 और पढो »
स्रोत: globeandmail - 🏆 5. / 92 और पढो »
स्रोत: globeandmail - 🏆 5. / 92 और पढो »
स्रोत: globebusiness - 🏆 31. / 66 और पढो »