Why the RBA should avoid politically correct appointees
The treasurer should choose the best monetary policy decision makers, particularly when the future of inflation and the global economy is so uncertain.
Whenever a seat on the Reserve Bank of Australia board comes up for grabs, the central bank governor and Treasury secretary typically pull out a secret short list of potential candidates for the federal treasurer of the day.
The convention dates back at least as far as prime minister Kevin Rudd and treasurer Wayne Swan in 2007.
Loading...
John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
