Economists, Your Country Needs You
Posen said: “If I have made the wrong call, not only will I switch my vote, I would not pursue a second term. They should have somebody who gets it right and not me. I am accountable for my performance. I’m holding my nerve because it is the right thing to do.”
Adam Posen, an external member of the Bank’s Monetary Policy Committee, is to become the next President of the Peterson Institute for International Economics. Dr Posen will leave the MPC on 31 August at the end of his three-year term to take up this new role.