Home > Bank of England, Monetary Policy > Economists, Your Country Needs You

Economists, Your Country Needs You

Has sticky UK inflation claimed a high-profile casualty?  Adam Posen in March 2011 bet his reputation on the CPI rate falling fast:

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.
Bad news.
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  1. May 19, 2012 at 21:38

    Oh Adam, no!

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