Federal Labor has seized on Reserve Bank governor Philip Lowe's latest warning that monetary policy may have reached its limit to urge the Morrison government to jolt the nation's economy back to life through taxpayer-funded infrastructure projects. Shadow treasurer Jim Chalmers accused the Coalition of failing to heed warnings – repeated by Dr Lowe in the United States at the weekend – of central bankers' limited ability to cushion the global economy from the US-China trade war. "We are experiencing a period of major political shocks," Dr Lowe said, citing developments in America, Brexit, Hong Kong, Italy and ... (full story)