Bank of Canada's Macklem Cautions on Declining Appeal of U.S. Dollar as a Hedge
Written by Emily J. Thompson, Senior Investment Analyst
Source: WSJ
Updated: Sep 23 2025
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Source: WSJ
Concerns about Fed Independence: Bank of Canada Governor Tiff Macklem expressed worries that President Trump's criticisms of the Federal Reserve could undermine its independence and affect financial markets.
U.S. Dollar's Future: Despite these concerns, Macklem believes the U.S. dollar will continue to be the global reserve currency for the foreseeable future.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
