Liberal MP Tim Wilson has challenged the Reserve Bank to justify the effectiveness of its monetary policy by demanding to see evidence that further rate cuts will boost household spending. In a series
Earlier this week, President Trump called again for a full percentage point reduction in the interest rate. President Donald Trump proclaimed the economy healthy in a pair of tweets Wednesday, saying only
The global economy is slowing, US business investment has stalled and the yield curve, which reflects market expectations of future interest rates, has inverted — a quirk that preceded previous recessions.
WASHINGTON (Reuters) - U.S. President Donald Trump said on Monday the Federal Reserve should consider cutting interest rates by 1 percentage point and advocated "some quantitative easing" as he continued