Chanticleer
RBA's ugly message for households, inside Australia's biggest investment event & Macquarie's pay lessons
So, I mean, she said the government needs to think about whether or not there are ways that it can help the inflation problem.
Chanticleer
RBA's ugly message for households, inside Australia's biggest investment event & Macquarie's pay lessons
By looking to constrain demand.
Chanticleer
RBA's ugly message for households, inside Australia's biggest investment event & Macquarie's pay lessons
I mean, that's like, in other words, getting on board what monetary policy is also trying to do.
Chanticleer
RBA's ugly message for households, inside Australia's biggest investment event & Macquarie's pay lessons
It needs to take money out of the system.
Chanticleer
RBA's ugly message for households, inside Australia's biggest investment event & Macquarie's pay lessons
So it can do that by taxes.
Chanticleer
RBA's ugly message for households, inside Australia's biggest investment event & Macquarie's pay lessons
It can do it by cutting spending.
Chanticleer
RBA's ugly message for households, inside Australia's biggest investment event & Macquarie's pay lessons
And like you said, she pointed out that it's the state governments as much as the federal government.
Chanticleer
RBA's ugly message for households, inside Australia's biggest investment event & Macquarie's pay lessons
I mean, I thought she handled these government questions pretty well.
Chanticleer
RBA's ugly message for households, inside Australia's biggest investment event & Macquarie's pay lessons
I mean, they're tough questions for her, particularly ahead of a budget, ahead of what's likely to be a very political budget because it looks like the government's actually going to put itself out there and try and do a few things, which is good.
Chanticleer
RBA's ugly message for households, inside Australia's biggest investment event & Macquarie's pay lessons
That's what it was elected for.
Chanticleer
RBA's ugly message for households, inside Australia's biggest investment event & Macquarie's pay lessons
Obviously, everyone has a boss.
Chanticleer
RBA's ugly message for households, inside Australia's biggest investment event & Macquarie's pay lessons
She gets installed by the treasurer.
Chanticleer
RBA's ugly message for households, inside Australia's biggest investment event & Macquarie's pay lessons
He gets elected by the people.
Chanticleer
RBA's ugly message for households, inside Australia's biggest investment event & Macquarie's pay lessons
So he's playing politics with that in mind.
Chanticleer
RBA's ugly message for households, inside Australia's biggest investment event & Macquarie's pay lessons
We can sit here, and it's so easy for us to do it, just say, oh, the treasurer should do this, treasurer should do that.
Chanticleer
RBA's ugly message for households, inside Australia's biggest investment event & Macquarie's pay lessons
Well, the government's sort of got a broader agenda, don't they?
Chanticleer
RBA's ugly message for households, inside Australia's biggest investment event & Macquarie's pay lessons
And they've always got an eye on the next election, 2028, getting re-elected.
Chanticleer
RBA's ugly message for households, inside Australia's biggest investment event & Macquarie's pay lessons
But Michelle Bullock, I thought she handled it as well as she could have.
Chanticleer
RBA's ugly message for households, inside Australia's biggest investment event & Macquarie's pay lessons
But just speaking about the budget, you must have been thinking about it a fair bit this week.
Chanticleer
RBA's ugly message for households, inside Australia's biggest investment event & Macquarie's pay lessons
You headed to Canberra for it early next week.