Sky News Business Editor Ross Greenwood says US Federal Reserve Chairman Jerome Powell is making “no promises whatsoever” when it comes to stopping interest rate hikes.
Mr Greenwood drew comparisons RBA Governor Philip Lowe as both leaders
face tough questions from politicians representing disgruntled constituents.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘Pensive’ markets ahead of US Federal Reserve testimony at Capitol HillThe markets are “pensive” ahead of US Federal Reserve chairman Jerome Powell's planned testimony on Capitol Hill over the next few days, says CommSec’s Tom Piotrowski. “This is a pretty expansive forum in terms of what can be discussed where inflation and interest rate settings are concerned,” Mr Piotrowski told Sky News Australia. Presented by CommSec.
Read more »
About 140k workers to lose jobs as RBA warns on inflationPrice pressures could become embedded if workers demand wage rises to compensate for high inflation outcomes and firms index their prices to the cost of living
Read more »
RBA and PBoC face very different property problemsOPINION: While the RBA frets about house prices rising again, China’s central bank is worried its property sector can’t get off the canvas.
Read more »
Government urged to ‘reconsider’ RBA’s dual mandateSky News host Sharri Markson warns the Albanese government to reconsider the new dual mandate of the Reserve Bank before more hard-working Australians pay a price for the mismanagement of the economy.
Read more »
‘Big call’: Treasurer to decide fate of RBA boss next monthUnder-pressure Reserve Bank Governor Philip Lowe will soon find out whether or not he will be given a second term, Treasurer Jim Chalmers has indicated.
Read more »