SMH
·general
·1 hour ago
Chalmers dismisses Bullock’s inflation warning as ‘hypothetical’
Treasurer Jim Chalmers dismissed Reserve Bank Governor Michele Bullock's inflation warning as hypothetical on Wednesday, rejecting her concerns that household tax offsets would fuel price pressures. Chalmers said the budget would wind back overall spending and play a helpful role fighting inflation, while refusing to rule out the proposed tax relief for wage earners.
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