The Reserve Bank governor Michele Bullock warns Treasurer Jim Chalmers to remain “fully aware” of the inflationary consequences of the federal government’s spending promises as it heads into a federal election. The Reserve Bank governor Michele Bullock warns Treasurer Jim Chalmers to remain “fully aware” of the inflationary consequences of the federal government’s spending promises as it heads into a federal election. Government and Politics, Monetary Policy, Federal Government Latest business news