For Chalmers and the RBA, Bullock ticks all the boxes
It’s about more than image – Bullock was a most enthusiastic contributor to the RBA review and is deemed to have a more consultative leadership style than Lowe.
Jim Chalmers told Reserve Bank governor Phil Lowe about two weeks ago that he was not going to have his tenure renewed. By then, the Treasurer had all but settled on replacing him with deputy governor Michele Bullock.
Chalmers, whose job was to take a recommendation to the cabinet, began sounding out others as to his prospective choice. This included business and union leaders, and his boss, Anthony Albanese.
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Phillip Coorey is the political editor based in Canberra. He is a two-time winner of the Paul Lyneham award for press gallery excellence. Connect with Phillip on Facebook and Twitter. Email Phillip at pcoorey@afr.com
