House debates

Wednesday, 11 March 2026

Questions without Notice

Cost of Living

2:10 pm

Photo of Jim ChalmersJim Chalmers (Rankin, Australian Labor Party, Treasurer) Share this | Hansard source

I wondered if he was still here; I'm pleased to learn that he is. He's got a lot of nerve asking about interest rates when, only a couple of days into his pretty disastrous stint as shadow Treasurer, he called for the end of the Reserve Bank's dual mandate. When he called for the end of the Reserve Bank's dual mandate, what he was calling for was higher interest rates and higher unemployment. He made that call within only a matter of days of being appointed the shadow Treasurer. Even by the standards of this shadow Treasurer, that is a pretty appalling stuff-up. If he wants to ask me about interest rates then he should fess up and tell the Australian people he wants higher interest rates and higher unemployment at the same time. That would be the effect—

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