It is rare for a treasurer and a central bank governor to be at odds over the economic outlook.
But that is exactly what is happening right now. Reserve Bank governor Michele Bullock contends that the economy is still too hot, despite successive quarters of weak GDP growth. But Treasurer Jim Chalmers says prolonged high interest rates are “smashing the economy”.
Michael ReadEconomics correspondentMichael Read is the Financial Review's economics correspondent, reporting from the federal press gallery at Parliament House. He was previously an economist at the Reserve Bank of Australia and at UBS. Connect with Michael on Twitter. Email Michael at michael.read@afr.com
