AUSTRALIA PERSPECTIVE

ABC News Australia reports the DOJ's closure of the criminal investigation into Jerome Powell in a factual but analytically dense article. In Australia, Fed policy is followed with particular attention because it directly influences Reserve Bank of Australia decisions and the AUD-USD exchange rate. Australian economists interviewed by ABC emphasize that if Warsh adopts a more accommodative stance than Powell, this could force the RBA to revise its own rates downward to maintain Australian dollar competitiveness. The Australian real estate sector—in bubble territory in major cities—is particularly sensitive to rate variations.