This week’s strong growth in full-time employment shows a robust labour market. This only deepens the puzzle of why inflation is so low at the same time.
Fed Chair Janet Yellen heads one of the most powerful financial institutions in the world.
Reuters/Carlos Barria
Randal Quarles, the president’s first nominee to the Federal Reserve’s board of governors, has argued the bank should use rules to make decisions. But could such a shift prove disastrous in a crisis?
The prevailing mandate of the South African Reserve Bank is informed by sound economics and the need to protect the institution from the whims of politicians.
Fed Chair Janet Yellen speaks at a press conference following the rate-hike decision.
AP Photo/Susan Walsh
The Federal Reserve lifted rates for the second time this year and expects to do so once more, suggesting it’s fairly confident the economic recovery will continue. Is it overconfident?
Treasurer Scott Morrison called a press conference this week to comment on March-quarter GDP figures.
Mick Tsikas/AAP
Wes Mountain, The Conversation and Jenni Henderson, The Conversation
There’s been quite a bit of speculation over whether Australia has a property market bubble - where house prices are over-inflated compared to a benchmark - and when it might burst. According to housing…
Australian Treasurer Scott Morrison says the budget papers will make a formal distinction between ‘good debt’ and ‘bad debt’.
Julian Smith/AAP
Wages are sluggish, underemployment seems stubbornly high, and there is a continued push to part-time rather than full-time employment.
APRA chairman Wayne Byres is leading a crackdown on interest-only loans, but it may not be enough to cool some parts of the housing market.
Mick Tsikas/AAP