Bullock says inflation is not Chalmers’ fault. Voters disagree

Aug 16, 2024 · Reserve Bank boss Michele Bullock has softened the bank’s previous warning that government spending is contributing to inflation, in a shift that will help shore up relations with …

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Does 'Jim Chalmers' have inflation in his mind?

Reserve Bank governor Michele Bullock said this week: "Jim Chalmers says publicly, and he says to me in private, that he does have inflation in his mind while he is thinking about the budget". In a clear and repeated message, Bullock also warned: "We don't think we [the bank] necessarily have to tighten [rates] again. But we can't rule it out. ...

Will Jim Chalmers be 'fully aware' of inflationary risk of election spending?

The RBA governor said Jim Chalmers would be "fully aware" of the inflationary risk of any election spending. (ABC News: Matt Roberts.) The Reserve Bank governor has warned the treasurer to remain "fully aware" of the inflationary consequences of government spending promises as it heads into a federal election. ...

Can Michele Bullock & Jim Chalmers defeat inflation without a recession?

Michele Bullock and Jim Chalmers face a difficult final mile on the "narrow path" to defeat inflation without a recession. (ABC News: David Sciasci) Three short months ago, Jim Chalmers was off to the races. "We've got this really welcome and encouraging trifecta," the treasurer said in April. ...

Is inflation Chalmers' fault?

Bullock says inflation is not Chalmers’ fault. Voters disagree Subscribers can give anyone free access to articles. Gift 5 articles to anyone you choose each month when you subscribe. ...

Did Jim Chalmers give Michele Bullock a bigger megaphone?

Jim Chalmers’ shake-up of the Reserve Bank was designed to clip the wings of Australia’s central bank governor. But it also has handed Michele Bullock a bigger megaphone to amplify some uncomfortable home truths. ...

Why is RBA governor Michele Bullock defending high interest rates?

RBA Governor Michele Bullock has taken the high road amid ongoing tensions between herself and Treasurer Jim Chalmers. After Mr Chalmers blamed the RBA for “smashing the economy”, Ms Bullock defended high interest rates as necessary to combat persistent inflation during an address to the Anika Foundation on Thursday. ...