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The Latest Breaking News from Bernie Fraser

Matt Kean’s appointment as chair of the Climate Change Authority has pissed off his Coalition co-workers, and UNESCO warns Australia to do more to protect the Great Barrier Reef.

Crikey

Former governors and treasurers advise against removing government’s power to overrule RBA

Critics of treasurer Jim Chalmers’ proposed reforms say the Reserve Bank is independent enough

The Guardian - AU

Jim Chalmers appoints outsider and former Bank of England executive director as deputy RBA governor

Rare appointment of outsider Andrew Hauser to senior position comes after review found bank should encourage ‘diverse viewpoints’

The Guardian - AU

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Morning Mail: migration system is ‘broken’, Donald Trump accused of rape, Sydney’s ‘latte line’ deepens

Australia’s 1.8 million guest workers are pushed to stay ‘permanently temporary’, review says

The Guardian - AU

Labor should use its ‘power for the people’ and lift jobseeker, former RBA governor says

Bernie Fraser has joined the chorus of calls to raise rates as Labor MP warns ‘we may not get a second chance’

The Guardian - AU

The Reserve Bank doesn't need an overhaul, Australia needs fairer policies, says former governor

Former governor Bernie Fraser says the Reserve Bank of Australia's attempt to improve the welfare of all Australians has been undermined by decades of neoliberalism.

ABC News

Alan Kohler: RBA defence of interest-rate mallet highlights the truth about inequality

The first thing is that inequality is worsened by the responses to both low inflation and high inflation; it’s a lose/lose.

The New Daily

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Australia’s billionaires 61% wealthier than pre-COVID amid calls to scrap tax cuts

With a backdrop of rising inflation and falling wages, the government is facing renewed pressure to rethink its support for Morrison-era tax cuts.

Crikey

Experts want stage three tax cuts revised

More than 100 economists and tax experts have signed an open letter urging Prime Minister Anthony Albanese to reconsider the stage three tax cuts.

AAP

Only one way to go on stage three tax cuts: Two wise men to PM

'Strikingly inappropriate: One hundred economists are calling on the federal government for its stage three tax cuts to be dumped.

The New Daily

In defence of RBA Governor Philip Lowe: an easy scapegoat for record interest rate rises

Reserve Bank Governor Philip Lowe is getting terrible press, most of it undeserved.

The Conversation

Stage-three tax cuts in the spotlight as global gloom weighs on federal budget

Amid warnings global monetary tightening might give way to worse, Treasurer Jim Chalmers says the upcoming budget will not be immune.

The New Daily

Labor attacked by former RBA governor Bernie Fraser for sticking to ‘dodgy’ stage-three tax cuts

Fraser says Albanese government should repeal stage three as the tax cuts are ‘even more unfair’ due to falling real wages

The Guardian - AU

Here's what was happening in Australia the last time the cash rate rose this quickly

The rapid increase in interest rates feels all too sudden for borrowers, but it's not the first time this has happened. Here's how events played out almost 30 years ago.

ABC News

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The Conversation

Australia's Reserve Bank has got a lot right, but there's still a case for an inquiry

Treasurer Jim Chalmers is about to commission an independent review of the Reserve Bank of Australia. Refreshingly, his election promise was bipartisan – both sides of politics want it.

The New Daily

Alan Kohler: The two great stupidities behind our inflation

Here’s a wild idea for economists to smile at condescendingly: How about the Reserve Bank stands back and lets this inflation episode run its course.

People

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