Judy Shelton has been a skeptic of the need for the Fed’s independence
After three cuts earlier this year, the central bank left its benchmark rate in a low range of 1.5% to 1.75%
The board of directors of the central bank said it has begun a search process to select his replacement
C.D. Howe concludes that having the central bank responsible for financial stability would bring it “dangerously close” to making political decisions
Expertise is needed to develop climate-related data analysis and modelling frameworks
The move reduces the short-term rate to a range between 1.5% and 1.75%
Positive economic data should mean the Bank of Canada holds
Two newly released reports find that central banks' extreme monetary policy measures were justified
Several analysts said a new package could come at a September meeting
National Bank Financial predicts the BoC would prefer to avoid making any notable shifts