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IMF warns inflation risks amid strong jobs market

IMF warns Australian inflation risks stalling; urges government spending cuts and capital gains tax reform to aid disinflation efforts.

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IMF warns Australian inflation risks stalling; urges government spending cuts and capital gains tax reform to aid disinflation efforts.

The International Monetary Fund has issued a warning regarding the Australian economy, highlighting risks that inflation may not decrease as expected.

The organisation noted the strong jobs market and rising public sector demand as contributing factors.

To address these risks, the IMF has called for spending restraint from all levels of government.

In its latest report, the IMF suggested that prolonged high interest rates and significant cuts to government spending might be necessary if inflation fails to meet the Reserve Bank of Australia’s (RBA) target of 2 per cent to 3 per cent.

Additionally, the IMF proposed phasing out the 50 per cent capital gains tax discount to reform the tax system and address the structural budget deficit, which is currently impacting tax revenue significantly.

Concerns are rising among analysts about the stagnation of inflation in the US, with recent data showing core inflation rates steady at 2.8 per cent since April.

Though Australia has seen slight reductions in underlying inflation, progress has lagged behind that of other advanced economies.

The IMF noted that Australia’s RBA is one of the last central banks to cut rates, reflecting a later peak in inflation.

Market expectations suggest a possible cash rate cut during the RBA’s April meeting, just before the potential federal election in May.

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“The Eastman Dilemma” documentary explores legal challenges faced by Trump attorney

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“The Eastman Dilemma: Lawfare or Justice” had its world premiere at The Mar-A-Lago Club in Palm Beach, Florida.

The new documentary explores the controversial legal challenges faced by John Eastman, a prominent constitutional scholar and former adviser to President Donald Trump.

The Madison Media Fund released the film, which delves into claims that Eastman and other conservative attorneys have been unfairly targeted for their legal representation of Trump following the 2020 presidential election.

Thee film raises broader questions about free speech and the ability of attorneys to represent politically divisive clients without facing personal or professional retribution.

President-elect Trump along with Italian Prime Minister Giorgia Meloni and U.S. Senator Marco Rubio attended the film’s premiere with other dignitaries, guests, and members of the media.

The film’s release comes amid ongoing national debates over judicial impartiality and the balance between legal representation and political activism.

The message of “The Eastman Dilemma” seeks to spark a national conversation about fairness in the legal system and the rights of attorneys to provide counsel without fear of career-ending consequences.

Several high-profile attendees discussed on the red carpet the main themes surrounding the documentary and Trump’s second term in office including Eastman, Peter Navarro, Gen. Michael Flynn, David Freiheit, Kevin and Sam Sorbo, Michael Harris, Philip Nicozisis, and Gabriela Berrospi.

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John Eastman discusses the impartiality of the U.S. Justice System

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New film questions the fairness of the Justice System in politically charged cases

A newly released documentary, “The Eastman Dilemma: Lawfare or Justice,” delves into the controversial legal battles surrounding John Eastman, a constitutional scholar and former adviser to President Donald Trump.

The film produced by the Madison Media Fund and released in early 2025, examines claims that Eastman and other conservative attorneys faced disproportionate professional repercussions for their legal defense of Trump following the 2020 presidential election.

Eastman, a Senior Fellow at the Claremont Institute, has maintained his stance that his legal counsel was constitutionally justified, despite widespread criticism and professional consequences.

His involvement in the aftermath of the 2020 election, including disputes over electoral certifications, made him a target in high-profile investigations.

Eastman joins Veronica Dudo to discuss.

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Governor Ron DeSantis to appoint Ashley Moody to U.S. Senate

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Florida’s Attorney General to replace Marco Rubio following his expected confirmation as Secretary of State

Florida Governor Ron DeSantis announced Thursday his decision to appoint state Attorney General Ashley Moody to the U.S. Senate, pending Senator Marco Rubio’s expected confirmation as President-elect Donald Trump’s Secretary of State. Rubio, a two-term senator, is widely anticipated to step down after Trump’s inauguration, making way for Moody’s appointment.

Moody, who has served as Florida’s attorney general since 2019, has been a key political ally of DeSantis, often collaborating on high-profile legal challenges and conservative policy initiatives.

Her alignment with DeSantis on issues such as law enforcement support, immigration enforcement, and state autonomy has solidified her as a prominent figure in Florida’s political landscape.

DeSantis praised Moody’s qualifications and commitment to public service, stating she would bring a “principled, conservative voice” to Washington, D.C. Moody’s appointment would mark a continuation of the state’s GOP leadership in the Senate, reinforcing the Republican majority ahead of Trump’s administration taking office.

Rubio’s departure comes as Trump assembles a Cabinet filled with loyalists and prominent conservatives. His selection as Secretary of State underscores Trump’s focus on experienced political figures in key diplomatic roles.

Moody’s appointment to the Senate, if confirmed, would likely shape legislative debates on issues ranging from judicial reform to national security.

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