The central bank governor "stands with" Powell: the independence of the central bank is sacred and inviolable.

Bank of Canada Governor Macklem spoke out on Thursday in support of Federal Reserve Chair Powell, stating that the independence of central banks is "sacred and inviolable." When asked about Trump's pressure on Powell, Macklem said, "Central banks operate independently and have clear goals, which brings significant benefits to the Canadian people, as well as to other countries. I believe that any threat to the independence of central banks is unacceptable." Trump has repeatedly criticized Powell in the past, calling him a "big loser" and a "fool," suggesting that interest rates should be lowered.