Anthony Albanese is back from the United Nations in New York to a slump in his approval rating and more economic pain.

On Tuesday, the Reserve Bank raised interest rates to a 15-year-high due to continued inflation pressure. So what's driving inflation? How much is government spending contributing to this issue?

Also this week, the Greens elected a new leader. NSW senator David Shoebridge is far more confrontational than former leader Larissa Waters and comes from the party's hard-left faction.

His election may signal a shift in strategy from the party, which wants to replicate the success of left-wing figures such as New York Mayor Zohran Mamdani.

Chief political correspondent Paul Sakkal hosts today's conversation with senior economics correspondent Matt Wade and federal political correspondent Natassia Chrysanthos.

Further reading

• To avoid another rate rise, things might have to get worse
• The Greens need to let the sunshine in or risk stagnation