Labor should use its ‘power for the people’ and lift jobseeker rates, former RBA governor says

1 year ago 30

Bernie Fraser has joined the chorus of calls to raise rates as Labor MP warns ‘we may not get a second chance’

The Albanese government “needs to start using its power for the people like it promised it would,” a former RBA governor has said, as he joined calls for a lift to the jobseeker rate.

Bernie Fraser, who was tasked with guiding Australia’s monetary policy through 18% interest rates and “the recession we had to have”, said the unemployment payment was one of the “many areas desperately needing attention” in the coming budget.

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