this post was submitted on 14 Jul 2023
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Australian Politics
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Given she's his deputy, I'd expect it's more a slight course change than a big change planned.
He's made mistakes, like all central bankers have. His were just more obvious due to his comments presented in the media. The underlying theory and plan will be the same.
I imagine she'll look at his fate and may be more inclined to be critical of government when they are not pulling their weight, to deflect some blame.
What most people are angry about is the pain. The pain is not the problem, it's how it's being distributed is the problem.
And sadly people don't understand that the RBA has no way to change how the pain is distributed. If that's what people are upset about, it's the government they should direct that at.
What's that, you want government to make it worse? Here, have some stage 3 tax cuts.
Govt can affect monetary policy?? No way !!