Brisbane Times
·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, defending potential tax offsets for wage earners ahead of the budget. Bullock warned that household stimulus could fuel inflation and pressure rate hikes. Chalmers argued the government would wind back overall spending and play a helpful inflation-fighting.
Summary by Glance · Brisbane Times
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