"Callam Pickering, an economist at Indeed, said the central bank's targets of a lower unemployment rate and higher wage growth are still "years away".
"A healthy and vibrant economy though needs a much broader base of growth. We need a strong household sector and greater investment from businesses. Much more needs to be done whether it be through further rate cuts, unconventional monetary policy or, in an ideal world, fiscal stimulus," he said in a series of tweets.
Talk about missing the point, namely why are we at this juncture, is being completely ignore. This economist still holds value in the belief that current monetary policy doctrine works. Certainly in a micro sense, like 50 years, it was useful but only aggravated the inevitable...
I'd say that Lowe knows but cannot say anywhere that might be overheard. The explanation would puzzle, frighten and confuse
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