Washington | A former vice chairman of the US Federal Reserve says the new Reserve Bank of Australia interest rate-setting board should be chosen by a committee, not by the treasurer of the day, to ensure political fairness.
Randal Quarles, a Donald Trump appointee who resigned from the US central bank in 2021 to save chairman Jerome Powell from an incoming Biden administration purge, said Australia should follow the American system.
Loading...
Matthew Cranston is the United States correspondent, based in Washington. He was previously the Economics correspondent and Property editor. Connect with Matthew on Twitter. Email Matthew at mcranston@afr.com
