One of the authors of the central bank review has accused Ian Macfarlane of spreading falsehoods about the effect of the overhaul on Michele Bullock’s authority.
One of the lead authors of the independent review into the Reserve Bank has accused former governor Ian Macfarlane of spreading “misinformation” about it weakening Michele Bullock’s authority.Meanwhile, Treasurer Jim Chalmers on Friday flagged he was considering deviating from some of the RBA review’s 51 recommendations, such as giving “equal consideration” to full employment and low inflation, and who will chair the new governance board.
“I am confident Michele Bullock has what it takes to navigate a tough board and the associated public commentary, as does any strong leader.”of the independent RBA review, released in April. Professor Fry-McKibbin disputed claims the review wanted a committee of academic economists, pointing out the review said other experts were likely to include business leaders and professional economists.“Voting is specified by the Reserve Bank Act. It requires that questions arising at board meetings be ‘decided by a majority of the votes of the members present and voting’,” she said.
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