The Age
·general
·1 hour ago
Chalmers dismisses Bullock’s inflation warning as ‘hypothetical’
Treasurer Jim Chalmers dismissed Reserve Bank Governor Michele Bullock's warning Wednesday that household stimulus spending fuels inflation, calling her remarks hypothetical. Chalmers said the budget will wind back overall spending despite speculation of a $200-$300 tax offset for wage earners. He argued the government can play a helpful inflation-fighting role while balancing spending and savings.
Summary by Glance · The Age
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