Treasurer Jim Chalmers is safe in his role, despite Labor MPs leaking against him, party heavyweights claim.

Chalmers’ economic management has been in the spotlight in recent weeks.

Multiple reports have suggested fraying in the Labor caucus over cost-of-living measures, particularly between Chalmers and Prime Minister Anthony Albanese.

Earlier this month, interest rates spiked to an 18-year high of 4.85 per cent as the Reserve Bank grapples with rising inflation.

Chalmers has repeatedly noted Australia is one of the few economically developed countries that has not experienced a recession, citing that as the reason for high rates.

But Assistant Treasurer Daniel Mulino said on Tuesday that Chalmers was “absolutely” safe in his role and faced no threats from junior colleagues.

“The Treasurer is leading a very ambitious program,” he told Nine’s Today show.

Up-and-comer Andrew Charlton said all of Labor was behind Chalmers. He deflected questions about who was leaking information.

“I think the caucus supports Jim Chalmers because they know he’s doing a good job in a difficult time,” he told Seven’s Sunrise.

“I’m not going to speculate on leaks that people aren’t putting their name to.”

In 2025, Charlton was appointed cabinet secretary, giving him access to some of the government’s most secretive documents and discussions.

Critics have seen it as a slight on Chalmers, with Charlton, who holds an economics PhD from Oxford University, viewed as a contender for his job. Asked on Tuesday if he would take the role if it was available, Charlton said he was focused on his own role and was working on artificial intelligence policy.

On Monday, frontbencher Murray Watt, an Albanese supporter, was forced to defend Chalmers’ decisions, saying he hoped the leaking from within Labor would stop.

“I think it’s pretty obvious that there are all sorts of people making all sorts of comments,” Watt told said.

Asked if he would like to “see an end to the undermining and leaking” targeting Chalmers, he said: “Yes, I would.”

-AAP