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AUSTRALIA PERSPECTIVE
TRUMP DROPS THE POWELL PROBE AND PAVES THE WAY FOR A LOYALIST FED CHAIR
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DOMINANT ANGLE
Sydney watches the Powell-Warsh succession with an eye on RBA rates and the Australian dollar
Dominant angle identified — does not reflect unanimity of this country’s media
ANALYSIS
ABC Australia reported the dropped probe in a factually dense article. Australian economists highlighted that if Warsh adopts a more accommodative stance than Powell, it could force the Reserve Bank of Australia to review its own rate guidance to maintain Australian dollar competitiveness. Australia's property market — in bubble territory in major cities — is particularly sensitive to rate variations.
SOURCES (1)
ABC News Australia
MEDIUM
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