Philip Lowe says the Reserve Bank will do 'what is necessary' to combat 'scourge' of high inflation
2 years, 3 months ago

Philip Lowe says the Reserve Bank will do 'what is necessary' to combat 'scourge' of high inflation

ABC  

The Reserve Bank governor has said he remains "committed to doing what is necessary" to prevent the "scourge" of high inflation taking hold, but did offer some hints that the pace of rate rises might soon slow. Key points: Philip Lowe says high inflation is a "scourge" that must be stopped from becoming entrenched The RBA governor said a global economic slowdown and improved supply chains show signs of easing inflation pressures Mr Lowe said as interest rates get higher the case for slowing down increases becomes stronger Speaking two days after the Reserve Bank raised interest rates for the fifth month in a row, Philip Lowe said it remained "committed to doing what is necessary" to get inflation back down to its target range of 2-3 per cent. "I did not promise that interest rates wouldn't go up", Philip Lowe responded to a journalist's question. "Analysis by the European Central Bank suggests that around three-quarters of the surprise in inflation in the euro area reflects unexpected developments in the markets for oil, gas and electricity," Mr Lowe said. "It is important that this remains the case and that we avoid the cycle of higher inflation leading to higher wages growth and then higher inflation – a cycle like that would end in higher interest rates and a sharper slowing in the economy."

Inflation Bank Interest Rates Interest High Rates Higher Rba Higher Inflation Reserve High Inflation Mr Lowe Philip Lowe Rate Rises Slowing Lowe Wages  philip  interest  slowing  inflation  high  combat  bank  scourge  reserve  necessary  rba  rates  mr  lowe  wages  higher

History of this topic

US Federal Reserve lowers interest rates, signals slower cuts for 2025
Trending News
5 days, 1 hour ago

US Federal Reserve lowers interest rates, signals slower cuts for 2025

India TV News  

The Federal Reserve cut its benchmark interest rate by a quarter for the third consecutive time. Future outlook: Moderate reductions expected by 2025 Another quarterly outlook indicated only two rate cuts in 2025, with officials predicting government rates to reach 3.75 per cent-4 per cent by the end of that year. Fed Governor Michelle Bowman warned that inflation would remain …

Liberal economist Larry Summers issues frightening warning about inflation to Americans following Trump's election
1 month, 1 week ago

Liberal economist Larry Summers issues frightening warning about inflation to Americans following Trump's election

Daily Mail  

Liberal economist Larry Summers warned that inflation is still not fixed and that a Trump administration could make things even worse. Liberal economist Larry Summers warned that inflation is still not fixed and that a Trump administration could make things even worse Summers is worried that President-elect Donald Trump may only make 'Bidenflation' worse The central bank made a 25 …

Inflation likely stayed low last month as Federal Reserve edges closer to cutting rates
4 months, 1 week ago

Inflation likely stayed low last month as Federal Reserve edges closer to cutting rates

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. For months, cooling inflation has …

Why the Reserve Bank is highly unlikely to lift interest rates next week, even if inflation climbs
4 months, 3 weeks ago

Why the Reserve Bank is highly unlikely to lift interest rates next week, even if inflation climbs

ABC  

The inflation figure due to be released to is different than most. But I think there's a good chance the Reserve Bank won't push up rates, even if the inflation number is high, for a number of reasons. One is that the Reserve Bank itself has been forecasting inflation of 3.8 per cent in the year to June. Inflation in …

Further rate rises look increasingly possible, but would they fix inflation?
6 months ago

Further rate rises look increasingly possible, but would they fix inflation?

ABC  

After 13 interest rate hikes that sent home loan repayments soaring, we still have an inflation problem. Two years of rate rises have failed to slow the economy down enough to get inflation back within the RBA's preferred range. According to the RBA governor, aggregate demand continues to outstrip supply even though a large number of households are under extreme …

Federal Reserve sees some progress on inflation but envisions just one rate cut this year
6 months, 1 week ago

Federal Reserve sees some progress on inflation but envisions just one rate cut this year

Associated Press  

WASHINGTON — Federal Reserve officials said Wednesday that inflation has fallen further toward their target level in recent months but signaled that they expect to cut their benchmark interest rate just once this year. The policymakers’ forecast for one rate cut was down from their previous projection of three cuts, because inflation, despite having cooled in the past two months, …

Inflation eases in May, but major relief on interest rates not coming soon
6 months, 1 week ago

Inflation eases in May, but major relief on interest rates not coming soon

LA Times  

Federal Reserve Chair Jerome H. Powell and his colleagues at the central bank have kept interest rates at a more than 20-year high to fight inflation. The Federal Reserve has raised interest rates to the highest level in more than two decades to fight inflation, and on Wednesday policymakers said the fight wasn’t over. “But we don’t see ourselves as …

Inflation rises slightly in April to 3.6pc but economists say that should ring 'alarm bells' for RBA
6 months, 3 weeks ago

Inflation rises slightly in April to 3.6pc but economists say that should ring 'alarm bells' for RBA

ABC  

In short: The annual rate of inflation ticked up to 3.6 per cent in April, from 3.5 per cent in March. According to the Australian Bureau of Statistics, an underlying measure of inflation — called "trimmed mean" inflation — also picked up again in April, from 4 per cent to 4.1 per cent. "It does not appear that the RBA …

Why further interest rate hikes by the Reserve Bank won't fix Australia's inflation problem
7 months, 2 weeks ago

Why further interest rate hikes by the Reserve Bank won't fix Australia's inflation problem

ABC  

If only there was a diagnosed condition called One Size Fits All syndrome. That's helped push one measure of price rises — core inflation — higher on a quarterly measure. Quick as a flash, that's sparked a renewed demand from some sections of the economics commentariat for further rate hikes to smash the evils of inflation once and for all. …

Powell says Fed wants to see ‘more good inflation readings’ before it can cut rates
8 months, 3 weeks ago

Powell says Fed wants to see ‘more good inflation readings’ before it can cut rates

Associated Press  

WASHINGTON — Federal Reserve Chair Jerome Powell on Friday reiterated a message he has sounded in recent weeks: While the Fed expects to cut interest rates this year, it won’t be ready to do so until it sees “more good inflation readings’’ and is more confident that annual price increases are falling toward its 2% target. Speaking at a conference …

Inflation is nearly back to 2%. So why isn’t the Federal Reserve ready to cut rates?
10 months, 2 weeks ago

Inflation is nearly back to 2%. So why isn’t the Federal Reserve ready to cut rates?

Associated Press  

WASHINGTON — From Wall Street traders to car dealers to home buyers, Americans are eager for the Federal Reserve to start cutting interest rates and lightening the heavy burden on borrowers. “If interest rates can come down, I think we’re going to start selling more cars.” Kelleher is likely to get his wish by May or June, when most economists …

Inflation fall 'should kill off' any lingering interest rate rise risks
10 months, 3 weeks ago

Inflation fall 'should kill off' any lingering interest rate rise risks

ABC  

In short: Consumer prices rose just 0.6 per cent over the December quarter, the slowest pace since March 2021, and 4.1 per cent over the past year. Consumer prices rose just 0.6 per cent over the December quarter, the slowest pace since March 2021, and 4.1 per cent over the past year. Moreover, the Reserve Bank's preferred "trimmed mean" measure …

What are the alternatives to using interest rates to tackle inflation? We put your questions to economist Saul Eslake
10 months, 3 weeks ago

What are the alternatives to using interest rates to tackle inflation? We put your questions to economist Saul Eslake

ABC  

Daniel Wigg doesn't drink alcohol anymore. "Although, like interest rates, it would leave older people unscathed," Mr Eslake said. Saul Eslake says lifting income tax was a common way of responding to high inflation in the 1950s and 60s, but "no government would want to do that now". Mr Eslake also said interest rates were kept "too low for too …

Federal Reserve On Cusp Of What Some Thought Impossible: Defeating Inflation Without Steep Recession
1 year ago

Federal Reserve On Cusp Of What Some Thought Impossible: Defeating Inflation Without Steep Recession

Huff Post  

In this photo made with a slow shutter speed, Federal Reserve Board Chair Jerome Powell speaks during a news conference about the Federal Reserve's monetary policy at the Federal Reserve, Wednesday, Dec. 13, 2023, in Washington. “I think it’s really good to see the progress that we’re making,” Chair Jerome Powell said at a news conference Wednesday after the Fed's …

The Federal Reserve could do what was thought impossible: Defeat inflation without a steep recession
1 year ago

The Federal Reserve could do what was thought impossible: Defeat inflation without a steep recession

Associated Press  

WASHINGTON — It was the most painful inflation Americans had experienced since 1981, when “The Dukes of Hazzard” and “The Jeffersons” were topping the TV charts. Confidence is growing among Federal Reserve officials and many economists that high interest rates and healed supply chains will soon defeat inflation. With inflation cooling, Powell said the 19 officials on the Fed’s policy …

Fed’s Powell notes inflation is easing but downplays discussion of interest rate cuts
1 year ago

Fed’s Powell notes inflation is easing but downplays discussion of interest rate cuts

Associated Press  

WASHINGTON — Inflation is slowing steadily, but it’s too early to declare victory or to discuss when the Federal Reserve might cut interest rates, Chair Jerome Powell said Friday. Nor is it time to “speculate on when policy might ease,” Powell said, referring to the possibility of cuts in the Fed’s benchmark interest rate, which affects many consumer and business …

Fed’s Waller raises possibility of a rate cut by spring if inflation keeps slowing
1 year ago

Fed’s Waller raises possibility of a rate cut by spring if inflation keeps slowing

Associated Press  

WASHINGTON — A key Federal Reserve official raised the possibility Tuesday that the Fed could decide to cut its benchmark interest rate as early as spring if inflation keeps declining steadily. Waller also said he thought the Fed’s short-term rate, which is at 5.4%, the highest in 22 years, is likely high enough to keep inflation headed down to the …

Slower economic growth, rate hikes needed to bring inflation under 2%: Powell
1 year, 2 months ago

Slower economic growth, rate hikes needed to bring inflation under 2%: Powell

Live Mint  

Federal Reserve Chair Jerome Powell said on Thursday, October 19, that inflation in the US remains too high and bringing it down to the Fed's 2 per cent target level will likely require a slower-growing economy and job market. More rate hikes to battle high inflation Powell underscored lingering theme at the US central bank and explained that despite a …

Fed keeps rates unchanged and signals optimism about a potential ‘soft landing’
1 year, 3 months ago

Fed keeps rates unchanged and signals optimism about a potential ‘soft landing’

Associated Press  

WASHINGTON — The Federal Reserve left its benchmark interest rate unchanged Wednesday for the second time in its past three meetings, a sign that it’s moderating its fight against inflation as price pressures have eased. The Fed’s policymakers also signaled that they expect to raise rates once more this year and envision their key rate staying higher in 2024 than …

Economy’s solid growth could require more Fed hikes to fight inflation, Powell says at Jackson Hole
1 year, 3 months ago

Economy’s solid growth could require more Fed hikes to fight inflation, Powell says at Jackson Hole

Associated Press  

JACKSON HOLE, Wyoming — The continued strength of the U.S. economy could require further interest rate increases, Federal Reserve Chair Jerome Powell said Friday in a closely watched speech that also highlighted the uncertain nature of the economic outlook. “We are prepared to raise rates further if appropriate and intend to hold policy at a restrictive level until we are …

Fed Chair Jerome Powell warns the fight against inflation is far from over
1 year, 3 months ago

Fed Chair Jerome Powell warns the fight against inflation is far from over

NPR  

Fed Chair Jerome Powell warns the fight against inflation is far from over Enlarge this image toggle caption Kevin Dietsch/Getty Images Kevin Dietsch/Getty Images Federal Reserve Chair Jerome Powell said on Friday inflation is still too high, and he warned that restoring price stability will likely require an extended period of elevated interest rates. Speaking to a gathering of economists …

Economy’s solid growth could require more Fed hikes to fight inflation, says Fed’s Jerome Powell
1 year, 3 months ago

Economy’s solid growth could require more Fed hikes to fight inflation, says Fed’s Jerome Powell

LA Times  

Federal Reserve Chairman Jerome Powell noted that the economy has been growing faster than expected and that consumers have kept spending briskly — trends that could keep inflation pressures high. The continued strength of the U.S. economy could require further interest rate increases, Federal Reserve Chair Jerome Powell said Friday in a closely watched speech that also highlighted the uncertain …

Federal Reserve minutes: Too-high inflation, still a threat, could require more rate hikes
1 year, 4 months ago

Federal Reserve minutes: Too-high inflation, still a threat, could require more rate hikes

Associated Press  

WASHINGTON — Most Federal Reserve officials last month still regarded high inflation as an ongoing threat that could require further interest rate increases, according to the minutes of their July 25-26 meeting released Wednesday. At the same time, the officials saw “a number of tentative signs that inflation pressures could be abating.” It was a mixed view that echoed Chair …

What rising inflation means for you: CPI increases to a six-month high - what happens next?
1 year, 4 months ago

What rising inflation means for you: CPI increases to a six-month high - what happens next?

Daily Mail  

Inflation has risen higher than the national target, meaning consumers pay more Inflation rose above the Bank of England's 2 per cent target in October, reaching a six-month high. The bigger-than-expected rise in the headline inflation rate to 2.3 per cent coincided with another increase in core inflation, which has continued to run hot. Julian Jessop, economics fellow at the …

San Francisco Fed president: ‘It’s really too early to declare victory on inflation’
1 year, 5 months ago

San Francisco Fed president: ‘It’s really too early to declare victory on inflation’

CNN  

New York CNN — Despite promising signs that inflation is abating, San Francisco Federal Reserve Bank President Mary Daly said the fight against price increases isn’t over. But she cautioned, “It’s really too early to declare victory on inflation.” The latest Consumer Price Index report published on Wednesday showed that annual inflation slowed from 4% to 3% in June, the …

Fed’s Powell: More rate hikes are likely this year to fight still-high inflation
1 year, 6 months ago

Fed’s Powell: More rate hikes are likely this year to fight still-high inflation

Associated Press  

WASHINGTON — With inflation in the United States still excessive, most Federal Reserve officials expect to raise interest rates further this year, Chair Jerome Powell told a House committee Wednesday. Even so, the Fed last week kept interest rates unchanged after 10 straight hikes so it could take time to gauge how higher borrowing rates have affected the economy, Powell …

Chancellor: ‘No alternative’ to interest rate rises to bring down inflation
1 year, 6 months ago

Chancellor: ‘No alternative’ to interest rate rises to bring down inflation

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The UK has “no alternative” …

Fed Chair Powell sees progress on inflation, though not quickly enough
1 year, 6 months ago

Fed Chair Powell sees progress on inflation, though not quickly enough

Associated Press  

WASHINGTON — Inflation may be cooling — just not yet fast enough for the Federal Reserve. Chair Jerome Powell offered a nuanced view Wednesday of how the Fed intends to address its core challenge at a time when inflation is both way below its peak but still well above the central bank’s 2% target: Give it more time, and maybe …

A measure of inflation that is closely tracked by the Federal Reserve increased in April
1 year, 6 months ago

A measure of inflation that is closely tracked by the Federal Reserve increased in April

Associated Press  

WASHINGTON — A key index of U.S. prices ticked higher in April, and consumer spending rebounded, a sign that inflationary pressures in the economy remain high. But a vocal group among the Fed’s 18-member interest-rate setting committee has pushed for more rate hikes later this year on the grounds that inflation isn’t slowing quickly enough. Omair Sharif, founder of Inflation …

Little progress has been made in curbing too high inflation, Fed’s Jefferson says
1 year, 7 months ago

Little progress has been made in curbing too high inflation, Fed’s Jefferson says

Associated Press  

WASHINGTON — Federal Reserve governor Philip Jefferson said Friday that inflation remains too high and there has been “little progress” made toward bringing it down to the central bank’s 2% target, a pessimistic assessment given signs in a report earlier this week that price increases might be slowing. Jefferson said he expected little impact from the bank failures, saying they …

RBA boss Philip Lowe defends shock interest rate rise, saying 'there is a limit' to inflation patience
1 year, 7 months ago

RBA boss Philip Lowe defends shock interest rate rise, saying 'there is a limit' to inflation patience

ABC  

Just a month after the Reserve Bank of Australia kept rates on hold — to assess the economic fallout from an unprecedented string of 10 consecutive rate hikes — on Tuesday afternoon it shocked most experts with another rise. Key points: The RBA raised interest rates from 3.6 to 3.85 per cent RBA governor Philip Lowe says inflation needs to …

We're dealing with a particularly nasty form of inflation, and a pause in rate hikes is unlikely to mean the end of hip pocket pain
1 year, 8 months ago

We're dealing with a particularly nasty form of inflation, and a pause in rate hikes is unlikely to mean the end of hip pocket pain

ABC  

Tuesday's Reserve Bank interest rate decision will be what's called a "live" decision. While not in the Reserve Bank's "charter", maintaining an inflation target of between 2 and 3 per cent "on average, over time" has been critical to the Reserve Bank's thinking on interest rates since the early 1990s. Sure, the RBA may be able to pause its interest …

The Fed already had a tough inflation fight. Now, it must deal with banks collapsing
1 year, 9 months ago

The Fed already had a tough inflation fight. Now, it must deal with banks collapsing

NPR  

The Fed already had a tough inflation fight. Now, it must deal with banks collapsing Enlarge this image toggle caption Justin Sullivan/Getty Images Justin Sullivan/Getty Images The Federal Reserve's fight against inflation just got harder. Last week, Fed chairman Jerome Powell warned the central bank might have to raise interest rates higher and more quickly in order to bring prices …

US Fed's Powell Sets The Table for Higher, Possibly Faster Rate Hikes
1 year, 9 months ago

US Fed's Powell Sets The Table for Higher, Possibly Faster Rate Hikes

News 18  

The Federal Reserve will likely need to raise interest rates more than expected in response to recent strong data and is prepared to move in larger steps if the “totality” of incoming information suggests tougher measures are needed to control inflation, Fed Chair Jerome Powell told US lawmakers on Tuesday. Democrats on the committee focused on the role high corporate …

As crisis calls over financial distress climb, treasurer and finance minister say they know rate rises are hurting
1 year, 9 months ago

As crisis calls over financial distress climb, treasurer and finance minister say they know rate rises are hurting

ABC  

Federal government ministers have acknowledged an increase in distress calls to crisis support hotlines over cost of living, but say the fight to rein in inflation must continue. Key points: The federal government has acknowledged a spike in financial distress calls to crisis hotlines Reserve Bank governor Phillip Lowe says mental health concerns of Australians weighs heavily on him The …

Powell signals increased rate hikes if economy stays strong
1 year, 9 months ago

Powell signals increased rate hikes if economy stays strong

Associated Press  

WASHINGTON — The Federal Reserve could increase the size of its interest rate hikes and raise borrowing costs to higher levels than previously projected if evidence continues to point to a robust economy and persistently high inflation, Chair Jerome Powell told a Senate panel Tuesday. “If the totality of the data were to indicate that faster tightening is warranted, we …

Australia to flirt with recession this year, warns NAB
1 year, 10 months ago

Australia to flirt with recession this year, warns NAB

ABC  

National Australia Bank has delivered a sobering assessment of how it expects the economy to perform this year. Key points: NAB is expecting economic growth to slow to 0.7 per cent over 2023 and 0.9 per cent in 2024 With some quarters forecast at just 0.1 per cent growth, Australia risks a recession The construction sector is likely to hold …

RBA boss Philip Lowe defends record bank profits as he flags further rate hikes
1 year, 10 months ago

RBA boss Philip Lowe defends record bank profits as he flags further rate hikes

ABC  

Reserve Bank governor Philip Lowe says it is important in the long term to have "strong" banks that are turning a profit, even though it may be hard to hear for people in the grips of skyrocketing mortgage repayments. Key points: Mr Lowe said the RBA was not sure when it would stop raising rates The cash rate is currently …

Is there a better way to kill inflation than raising interest rates?
1 year, 10 months ago

Is there a better way to kill inflation than raising interest rates?

ABC  

We have to stop this insanity. As things stand, the main policy lever available to the RBA is interest rates, and with inflation surging that's why it's been lifting rates aggressively. "For a broader effort in slowing economic growth, more heavy lifting would need to come from fiscal policy, though so far it's been missing in action," he said. If …

Reserve Bank warns of at least two more interest rate rises in coming months, as the economic outlook worsens
1 year, 10 months ago

Reserve Bank warns of at least two more interest rate rises in coming months, as the economic outlook worsens

ABC  

Australia's cash rate has hit 3.35 per cent, after the Reserve Bank raised interest rates for the ninth time in a row — and signalled more interest rate pain ahead. That was the view of traders in the money market, who had priced loans on the basis that the bank's cash rate would climb just 0.35 points further after being …

Interest rate updates: Philip Lowe says RBA will 'do what is necessary' to curb inflation as cash rate reaches highest level since September 2012 — as it happened
1 year, 10 months ago

Interest rate updates: Philip Lowe says RBA will 'do what is necessary' to curb inflation as cash rate reaches highest level since September 2012 — as it happened

ABC  

Question for Gareth please If, as all economists state, the reason for rate rises is to curb inflation by inhibiting consumer spending, why doesn’t the government give he RBA the power to adjust the GST rate. This would surely impact consumer spending across the board to share the pain, could be targeted by exempting non discretionary expenditure and would have …

Can US interest rate hikes curb high inflation in new year?
1 year, 11 months ago

Can US interest rate hikes curb high inflation in new year?

China Daily  

People shop at a Target store during Black Friday sales in Chicago, Illinois, US, November 25, 2022. Faced with decades-high inflation, the US Federal Reserve has been aggressively raising the interest rate, which in turn is strengthening the dollar. To deal with the pandemic in the initial days, the Fed lowered interest rates for federal funds to 0-0.25 percent, and …

Column: A panicky Federal Reserve is driving us into an unnecessary recession
2 years ago

Column: A panicky Federal Reserve is driving us into an unnecessary recession

LA Times  

Huge stacks of cargo containers sat at the Port of Los Angeles in October 2021, contributing to an inflation spike. Federal Reserve Board Chair Jerome H. Powell snatched the cookie jar out of the stock market’s hands on Dec. 14, when he followed up an announcement of a dovish half-point interest rate increase with a warning that the Fed didn’t …

European Central Bank expected to slow pace of rate hikes
2 years ago

European Central Bank expected to slow pace of rate hikes

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The European Central Bank is …

Powell: Fed to keep rates higher for longer to cut inflation
2 years ago

Powell: Fed to keep rates higher for longer to cut inflation

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Federal Reserve will push …

RBA governor Philip Lowe warns Australians to brace for higher inflation, lower growth
2 years, 1 month ago

RBA governor Philip Lowe warns Australians to brace for higher inflation, lower growth

ABC  

Don't expect much of a pay rise, even as inflation soars and reduces what you can buy with your wages. Key points: RBA governor Philip Lowe says globalisation helped central banks keep price rises low and stable over the past three decades Increasing trade restrictions and global conflict are reversing this process and risk reduced supply and higher prices Mr …

Lowering inflation without a recession might not be feasible: Fed official
2 years, 1 month ago

Lowering inflation without a recession might not be feasible: Fed official

Live Mint  

KANSAS CITY : Inflation is at risk of growing entrenched in the economy due to an overheated job market, and that will make it increasingly difficult for the Federal Reserve to bring inflation down without a recession, a central bank official said in an interview. “I’m looking at a labor market that is so tight, I don’t know how you …

Reserve Bank' admits higher interest rates WON'T bring down inflation
2 years, 1 month ago

Reserve Bank' admits higher interest rates WON'T bring down inflation

Daily Mail  

The Reserve Bank has admitted hiking interest rates aggressively doesn't necessarily bring down inflation quickly. Australia inflation grew by 7.3 per cent in the year to September at levels unseen since 1990 The Reserve Bank's statement on monetary policy released earlier this month forecast annual inflation remaining above its target until 2025, after falling to 3.25 per cent in December …

Reserve Bank of Australia rejects 'scorched earth' policy to tame inflation with faster interest rate rises
2 years, 1 month ago

Reserve Bank of Australia rejects 'scorched earth' policy to tame inflation with faster interest rate rises

ABC  

Reserve Bank of Australia deputy governor Michele Bullock has said the bank wants to hang on to as much of the employment gains made during the pandemic as it can, even as it tries to cool the economy to tame inflation. Key points: RBA deputy governor says a "scorched earth" policy of rapid interest rate hikes would crush inflation quickly …

Powell: Rate hikes may slow, but inflation fight hardly over
2 years, 1 month ago

Powell: Rate hikes may slow, but inflation fight hardly over

Associated Press  

WASHINGTON — Federal Reserve Chair Jerome Powell sought Wednesday to strike a delicate balance at a moment when high inflation is bedeviling the nation’s economy and commanding a central role in the midterm elections. “That’s why the market was so confused.” The Fed’s meeting occurred as financial markets and many economists have grown nervous that Powell will end up leading …

Discover Related