No government institution is entirely at arm’s length, but an intervention by Jim Chalmers would likely be calamitous

The Greens may bristle at the comparison, but their demand for the treasurer, Jim Chalmers, to order the Reserve Bank to cut interest rates now is Trumpist.

Nick McKim, the Greens’ economic spokesperson, says his party won’t support the Albanese government’s RBA reforms unless or until interest rates fall. Given the central bank governor, Michele Bullock, has repeatedly said a cut to its cash rate is unlikely in the near term, Chalmers must use his existing powers to make it happen.

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