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Stephen Grenville

Stephen Grenville

Financial Review

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The US Fed just said the era of abnormally low rates is over

The US Fed just said the era of abnormally low rates is over

The legacy of the GFC and COVID-19 was seen as a downward trend in the long-term neutral interest rate. Persistent inflation is forcing a correction...

22.09.2026 20

Financial Review

Stephen Grenville

LNG royalty regime would be simpler than tweaking resource rent tax

If potential investors assess that this revised regime makes some potential projects unattractive, then there is no economic case for those projects.

20.04.2026 40

Financial Review

Stephen Grenville

Trump’s target is not only Powell but US Fed’s inflation independence

Has the President’s latest outrageous attack on the Federal Reserve chair signalled the end of a broadly successful monetary policy era?

13.01.2026 30

Financial Review

Stephen Grenville

US Fed critics have a point – and a dangerously politicised solution

There is another assault on the US Federal Reserve that is not in the headlines, but represents a fundamental questioning of the central bank’s...

25.09.2025 30

Financial Review

Stephen Grenville