Powell, whose term does not expire until next year, said in remarks yesterday that Fed's independence "is a matter of law"
The nation's global trade deficit increased for the fourth year in a row to US$37B
Record AUM, higher revenues, margins to be hit if market stress persists
North American exports could plunge 12.6% if harshest levies are applied
U.S. central bank seeks clarity on impacts of Trump's moves on immigration, taxation, regulation, and tariffs
Trade turmoil, market uncertainty to drive weaker growth, higher inflation
Central bank cites uncertainty around tariffs and competing risks of inflation and recession
In quarterly terms the economy expanded 1.2% in January-March, slowing from 1.6% in Q4
Surge in auto and electronics purchases drives retail gains
Inflation slowdown gives the central bank "breathing room," Desjardins economist says