Peter Martin, Crawford School of Public Policy, Australian National University
Lowe and the Reserve Bank are pushing up interest rates at almost the fastest pace on record to get the economy back in balance. It’s tough. But it has been done before – and here’s how it worked.
The Bank of England in Threadneedle Street, London is the Central bank of the United Kingdom.
Mark Thomas / Alamy Stock Photo
Some commentary suggests a causal relationship between hiking interest rates and unemployment increasing. It’s not quite that simple, but the days of record high employment are probably numbered.
People volunteer at a Native Alaskan voting station on Nov. 2, 2022 in Anchorage.
Spencer Platt/Getty Images
Voter demographics and policy priorities are two recurrent, big issues on Election Day – but shifts in election administration and voting laws are new challenges influencing the midterms.
The economy and inflation are top of mind for midterm voters.
Elijah Nouvelage/AFP via Getty Images
Inflation, abortion and state of US democracy rank among the top issues facing voters before the midterm elections, regardless of race, ethnicity or party affiliation.
Staving off both recession and a financial crisis may take more than a hope and a prayer.
Chip Somodevilla/Getty Images
The Fed is also beginning to reduce its massive balance sheet, which is beginning to cause disruptions in the $24 trillion Treasury market.
Photo ops of the world’s central bankers and finance ministers typically involve a woman or two surrounded by men, such as this image from the G-7 in Germany in 2015.
AP Photo/Jens Meyer
Men were significantly less likely to express confidence in the Federal Reserve and optimism about the economy when monetary policy information came from a woman versus a man.
Steven Hamilton, Crawford School of Public Policy, Australian National University
Policymakers were too complacent about inflation, and the global economy is paying the price. Australia’s resources mean it is better placed than most.
Another prime minister shown the door.
Rob Pinney/Getty Images
Garret Martin, American University School of International Service
Only months into the job, Prime Minister Liz Truss is on her way out already, leaving her government in search of a new leader and a way to regain public trust.
Social Security benefits have lost their purchasing power as inflation has soared in 2022.
Luis Alvarez/DigitalVision via Getty Images
The treasurer’s Tuesday’s appearances were his first after receiving a major rebuff when Anthony Albanese at the weekend quashed any prospect of rejigging the Stage 3 tax cuts in the budget.
Ghana is engaging the IMF over a bailout.
Wikimedia Commons