RBA’s Hauser says 'armageddon-ish story' possible but far from certain under Trump 2.0
In an exclusive and wide-ranging interview, the RBA deputy governor said a broad range of outcomes were possible under a second Trump administration: “I don’t think we’re going into a Great Depression and I don’t think we’re going into a new dawn."
Reserve Bank of Australia deputy governor Andrew Hauser has conceded the return of Donald Trump to the White House may pose substantial risks for Australia’s economy as he emphasised the importance of maintaining central bank independence from politics.
In an exclusive interview with Capital Brief at the RBA’s Sydney headquarters Hauser said Trump's decisive victory in the US election would create “opportunities as well as threats” for Australia but the ultimate impact on the economy would hinge on how countries respond to his policies.
“I don’t want to chuck any particular view on that under the bridge, nor do I want to come across as clueless, but I think the range of possible outcomes is really quite large," Hauser told Capital Brief. "It’s possible to tell a very Armageddon-ish story. It’s possible to tell a story about the global economy going into recession or depression and Australia going down with it.”
“[But] there are a number of scenarios that are more nuanced and have different elements to it than that kind of Armageddon scenario,” he said.
