The Fed is in a tricky position as it mulls cutting interest rates to boost the economy, which also risks spurring runaway inflation and even an economic downturn.
Interest rate cuts don't work like they used to, and they help us put off the hard things we need to do to improve our lives.
Inflation has barely been within the Governor Philip Lowe's target band his entire time in office. Zero inflation means he should cut now, before the election.
The Reserve Bank's inflation target seems out of date in a world of ultra low inflation. So why is Governor Lowe persisting with it?
Hardly anyone believes that prices are really increasing by only 1.9% per year. The fault lies with us, and also the way the Bureau of Statistics adjusts prices for 'quality'.
As with economic growth and wages, the RBA's response seems to involve crossing as many fingers and toes as possible and publicly proclaiming that things are looking good.
While many market observers blame growing concerns about inflation for the stock market crash, the real culprit may be fears that the economy is about to slow.
Weak Australian inflation and housing credit data mean the Reserve Bank is unlikely to move on interest rates.
In the lead-up to the federal budget, the government has made a number of significant and sometimes surprising policy announcements.
Shadow treasurer Chris Bowen said Australian wages growth is at record lows. Is that true?