A former Reserve Bank of Australia Governor, Bernie Fraser, says the current RBA board is excessively focused on inflation:
- Fraser says the Board should cut the cash rate
- Fraser cited looming “recessionary risks”, that would be devastating for the jobs market
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Fraser was Governor from September 1989 to September 1996.
Fraser (arrow points to him) with then Federal Treasurer Keating. Keating went on to become PM.