Mr. Macklem, I'm going to ask you a political question, but I think you're going to answer this one. We'll try to make an exception.
I'd like to know whether you have any concerns about the independence of the U.S. central bank. A nomination is going to be made, and Senate hearings will take place. I'd like to know how a monetary policy that would be less independent from the United States executive or legislative branches would impact your work.