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Chalmers doesn’t want Australia to ‘carry the can’ for decisions on other side of the world

Chalmers said he doesn’t believe inflation is out of control, but he doesn’t want to see Australians “carry the can for decisions” on the other side of the world.

And that’s equally important in the Reserve Bank’s mandate, dual mandate, which talks about maintaining full employment at the same time as they go for price stability, which means inflation in the target band.

I think that’s pretty clear. And what we’ve seen in recent years is that it’s possible to have low and steady unemployment at the same time as we see inflation moderate to more normal levels.