Daily Bulletin

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Ultra-low unemployment is in our grasp. How Philip Lowe became the governor who lifted our ambition

  • Written by Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University

Rarely does a Reserve Bank governor get to remake Australia.

HC “Nugget” Coombs, the first Reserve Bank governor, did.

As director general of the Department of Post-War Reconstruction from 1943, he was instrumental in creating the White Paper on Full Employment in Australia that was adopted as a guide by prime ministers from Chifley to...

Read more: Ultra-low unemployment is in our grasp. How Philip Lowe became the governor who lifted our ambition

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