Prime Minister Mark Carney says he supports U.S. President Donald Trump’s choice to head the Federal Reserve.
On Jan. 30, Trump announced his nomination of former Federal Reserve official Kevin Warsh to succeed current Chair Jerome Powell, whom he has criticized for years.
“Kevin Warsh is a fantastic choice to lead the world’s most important central bank at this crucial time,” Carney wrote on X, reacting to the White House announcement.
Carney’s statement comes during heightened tensions between Ottawa and Washington on the trade front.
The day before Carney’s social media comment, Trump had threatened to slap 50 percent tariffs on Canadian-made aircraft because Canada has yet to certify the newest U.S.-made Gulfstream models….