Jim Chalmers wants a truly independent RBA. He should be careful what he wishes for
- Written by Alex Millmow, Senior Fellow, Federation University Australia
Might Jim Chalmers have forgotten Labor Party history?
The treasurer says he is on board with all of the recommendations of the independent review of the Reserve Bank.
One of them – the first – is to make the bank truly independent of the government that owns it by removing the treasurer’s power overrule its board.
At the moment...