‘Made things worse’: Steve Hamilton on Labor's efforts to tackle inflation
George Washington University Assistant Professor Steve Hamilton says Labor “made things worse” in their efforts to bring down inflation.
This follows worries about government spending rising faster than inflation.
“We knew that inflation was a big problem at the beginning of 2022,” Mr Hamilton told Sky News Business Editor Ross Greenwood.
“The government had fair warning.
“They came in as a new government and I actually think they had a potential to genuinely do something to help inflation.
“They continued to make things worse.
“That’s why not only have we had a stream of very rapid interest rate rises, but now it looks like it might be another couple before the Reserve Bank is done.
‘Made things worse’: Steve Hamilton on Labor’s efforts to tackle inflation