Australian Central Bank Deputy Governor Warns Against False Prophets on Interest Rates
Beware False Prophets, Says Andrew Hauser
In a speech to the Economic Society of Australia, Deputy Governor Andrew Hauser warned against listening to "false prophets" on interest rates. Hauser emphasized the importance of critical thinking and skepticism when evaluating economic projections.
Transcript of Question and Answer Session
During a question and answer session following his speech, Hauser further elaborated on his concerns. He said that commentators who present their economic projections as "unquestionable and obvious" should be treated with caution.
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