Anthony McDonald

It's to be confirmed whether we'll have press conferences after the review into the Fed communication.

Walsh said he believes in them, but only when he has something to say.

The decision itself...

It was pretty obvious though, wasn't it, James?

I mean, I think investors look straight for the dot plots.

Nine of the 18 officials said expect rate rises this year.

I mean, that was a noticeable change and it just shows how this sort of oil situation is brewing inflation and it's going to be really hard for central banks to look past it.

But yeah, I don't know.

I quite enjoyed listening to someone different for a change.

Yeah, no, good point.

You're right.

Walsh does have a problem.

That's his problem, you know, how he's going to manage the expectations and what he's pitched himself and what the data is going to say.

But I would say just generally this hire for longer feeling, I mean, it's now pretty embedded in Australian business and markets.

We've had six months of it here, James, free rate rises, consumer and business confidence has tanked.

Does this change the psyche of markets at all?

I mean, we saw from SpaceX, the world's still pretty bullish.

Australians want to be bullish as well.

But shouldn't high for longer rates mean something at some point?

Oh, it should.