Bank of Canada Wades Into US Politics

The Bank of Canada has stepped directly into U.S. political turmoil by publicly defending Federal Reserve Chair Jerome Powell — a notable shift from its long-standing refusal to comment on developments south of the border. #bankofcanada #canadianeconomy #CanadaUSTradeWar Links: Statement by Federal Reserve Chair Jerome H. Powell: https://www.youtube.com/watch?v=KckGHaBLSn4 Bank of Canada - Banque du Canada: https://www.youtube.com/@bankofcanadaofficial/videos The Street for Monday, Jan. 12, 2026: https://www.youtube.com/watch?v=t8tHyIh_Y0s Powell Gets ‘Full Support’ of Bank of Canada’s Macklem Amid Justice Probe: https://www.bloomberg.com/news/articles/2026-01-12/powell-gets-full-support-of-bank-of-canada-s-macklem-amid-justice-probe?srnd=phx-fixed-income DOJ launches criminal investigation into Fed Chair Jerome Powell, he says: https://abcnews.go.com/Politics/doj-launches-criminal-investigation-fed-chair-jerome-powell/story?id=129114228 Bank of Canada governor defends U.S. Fed's Powell amid Trump administration probe: https://www.cbc.ca/news/politics/bank-of-canada-jerome-powell-9.7042719 Bank of Canada adds voice to central banks backing U.S. Fed amid DOJ probe: https://globalnews.ca/news/11610881/bank-of-canada-central-banks-support-federal-reserve/ Trump touts economic boom despite new inflation numbers, lashes out at Powell: https://abcnews.go.com/GMA/News/video/trump-touts-economic-boom-despite-new-inflation-numbers-129196612 Consumer Price Index: https://www.statcan.gc.ca/en/subjects-start/prices_and_price_indexes/consumer_price_indexes Policy interest rate: https://www.bankofcanada.ca/core-functions/monetary-policy/key-interest-rate/ Powell gets ‘full support’ of Bank of Canada’s Macklem amid justice probe: https://www.canadianmortgagetrends.com/2026/01/powell-gets-full-support-of-bank-of-canadas-macklem-amid-justice-probe/ Federal Reserve Chair Powell says DOJ has subpoenaed central bank, threatens criminal indictment: https://www.centraloregondaily.com/news/nation-world/federal-reserve-chair-powell-says-doj-has-subpoenaed-central-bank-threatens-criminal-indictment/article_3e9a98c5-bddb-53cc-b5b4-e22e2be3ed73.html Global Central Bankers Show ‘Full Solidarity’ With Fed’s Powell: https://www.bloomberg.com/news/articles/2026-01-13/global-central-bankers-in-full-solidarity-with-fed-s-powell Dimon, Wall Street heavyweights rally around Powell: https://www.politico.com/news/2026/01/13/dimon-wall-street-heavyweights-rally-around-powell-00724341 Statement on the Federal Reserve: https://jointstatement.substack.com/p/statement-on-the-federal-reserve/ Lessons for today: The conflict between Reagan and Volcker: https://marketmonetarist.com/2016/11/15/lessons-for-today-the-conflict-between-reagan-and-volcker White House Pressure on Fed Chairman Told : Growth: Greenspan’s promise to spur economy was urged at a time his reappointment was being weighed: https://www.latimes.com/archives/la-xpm-1992-09-23-mn-1341-story.htm How Richard Nixon Pressured Arthur Burns: Evidence from the Nixon Tapes: https://pubs.aeaweb.org/doi/pdfplus/10.1257/jep.20.4.177 U.S. 10 Year Treasury Note: https://www.marketwatch.com/investing/bond/tmubmusd10y?countrycode=bx Canada 5 Year Government Bond: https://www.marketwatch.com/investing/bond/tmbmkca-05y?countrycode=bx US stocks nosedive as Trump harangues Powell: https://www.reuters.com/business/finance/us-stocks-extend-slide-trump-harangues-powell-sp-500-down-3-2025-04-21/ Mark Mitchell – Mortgage Broker London Ontario 920 Commissioners road east London, Ontario N5Z 3J1 Phone: (519)860-2102 (Call or Text) MarkMitchell@LondonOntarioMortgages.ca Brokerage Lic: 10464 Broker Lic: M16001479 https://www.LondonOntarioMortgages.ca – Apply Online!! Youtube Channel: https://www.youtube.com/c/MarkMitchellMortgageBrokerLondonOntario Subscribe NOW for more Mortgage/Financial News/Videos. Follow me on Social Media: Instagram - https://www.instagram.com/mortgagebrokerlondonontario Facebook - https://www.facebook.com/londonontariomortgages Twitter - https://twitter.com/londonmortgage1/ LinkedIn - https://www.linkedin.com/in/mark-mitchell-london-s-mortgage-broker-197842123/ TikTok - https://www.tiktok.com/@mortgagebrokerlondon?lang=en Commentary on this Channel should not be considered financial advice.