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The Latest Breaking News from Jim Chalmers

Why is Labor trying to reform the RBA and why is Peter Dutton opposing the changes?

The Coalition has indicated it won’t support the reforms, which it says could let Labor allies take control of interest rates

The Guardian - AU

New fear unlocked: unemployment worries grip consumers

Consumers are becoming more concerned about the sluggish economy and what this could mean for jobs, with cost-of-living becoming a lower order worry.

AAP

Labor opens door to negotiating with Greens on RBA reforms after Coalition blocks proposal

Peter Dutton’s opposition also puts up new roadblocks to potential deal on government’s aged care reforms

The Guardian - AU

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Coalition torpedoes bipartisan deal on Reserve Bank monetary policy board

The federal opposition has torpedoed Treasurer Jim Chalmers’ attempt to get a bipartisan deal to install a specialist monetary policy board in the Reserve Bank, claiming the reform would enable the treasurer to “stack” the new board.

The Conversation

Rates veto power must stay: Greens issue RBA demands

The Greens want the treasurer to intervene and force the RBA to lower interest rates as it lays out its demands for support on troubled central bank reforms.

AAP

Treasurer digs critical minerals, ships plan to Senate

A plan to revitalise Australian manufacturing by making more things here with clean energy and resources has cleared a hurdle but the path ahead looks rocky.

AAP

Economic woes to cast shadow as parliament returns

Labor is bracing for an attack on its economic management after the latest figures laid bare the hip pocket pain being felt across Australian households.

AAP

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Treasurer distances himself from his former boss’ Reserve Bank attack

Treasurer Jim Chalmers has distanced himself from the strident attack his one-time boss Wayne Swan launched on the Reserve Bank, which the former treasurer accused of “putting economic dogma over rational decision-making”.

The Conversation

‘We have listened’: gender identity question added to Australia’s 2026 census after federal government backflip

Treasurer Jim Chalmers says LGBTQ+ community ‘will count’ in survey with new topic covering sexual orientation and gender to be included

The Guardian - AU

Census to include sexual orientation, gender topics

The 2026 census will include questions on sexual orientation and gender identity, following backlash against the federal government by the LGBTIQ+ community.

AAP

Treasurer backs inflation target, despite rates risk

Jim Chalmers has acknowledged there's tension between fiscal and monetary policy, but argues the government and the central bank have the same objective.

AAP

Despite all the doom and gloom on Australia’s economy, could the worst be behind us?

We hear about the ‘weakest growth in decades’ and being ‘smashed’ by the RBA, but positive tidings abound – if you want to look for them

The Guardian - AU

Senate committee told foreign student cap would ‘gut’ private education sector – as it happened

This blog is now closed

The Guardian - AU

Newcastle Harbour blockade's worth lies in people power

'What other options do concerned citizens have?'

Newcastle Herald

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Pedestrian.tv

Treasurer Jim Chalmers Accused Of Trespassing Live On-Air During Chaotic Sunrise Interview

Treasurer Jim Chalmers had an awkward on-air moment during a Sunrise interview, when an upset punter accused him of trespassing.

The Guardian - AU

Afternoon Update: Australia’s economy weakest in decades bar Covid; NSW Liberals deny ‘stuff-up spiral’; and spider brains shrink

And the US Open semi-finals take shape

The Conversation

This is the weakest economy outside of a recession. Here’s what the GDP figures show

The latest national accounts show the Australian economy is struggling. It’s what you would expect after the sharpest series of interest rate rises on record, and is more or less what the Reserve Bank was trying to achieve to bring down inflation.

The Guardian - AU

Australia’s economy fares better than expected but still weakest since early 1990s, excluding pandemic

June quarter GDP expanded by 1% from a year earlier, the Australian Bureau of Statistics said – slightly above forecasts

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The Conversation

The Greens want a super-profits tax. Labor and business used to like the idea too

When the Greens proposed an extra super-profits tax on the excessive part of really excessive profits last week, business and the government acted as if the sky was about to fall in.

AAP

Economy stuck in slow lane as households tighten belts

The Australian economy is barely growing as higher borrowing costs and inflation keep a lid on household consumption.

Newcastle Herald

We'll see a feeding frenzy long before Newcastle trains get any faster

'What bunnies we are to swallow this.'

AAP

Gloomy growth, interest rates sore points for Treasurer

The economy is stuck in the slow lane and Treasurer Jim Chalmers says that's by design, with higher interest rates necessary to tame inflation.

The Guardian - AU

Former ABC host Tim Bowden dies aged 87 – as it happened

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The Conversation

View from The Hill: Australians don’t need to be told high interest rates are ‘smashing’ the economy, but is there an alternative?

Treasurer Jim Chalmers mightn’t have expected his weekend comment – made ahead of expected low growth figures later this week – that interest rate rises were “smashing” the Australian economy to set off the reaction it has. After all, it’s been something of a Chalmers mantra.

The Conversation

After working for the RBA for 30 years, here’s how I’d make it more accountable

How can we tell if the Reserve Bank of Australia – which sets the interest rates that shape our national and household budgets – is doing a good job?

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