Former Labor prime minister Paul Keating has accused the Reserve Bank of Australia of not doing enough to help the government fight the recession, saying it should be aggressively "funding" the ballooning deficit by buying more government bonds.
Instead, the central bankers were acting like "high priests" who are too removed from the urgency of the COVID-19 recession.
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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
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
