Tuesday, Jun 16, 2009
How many British people are there? And we have to turn to the yanks again?
Bloomberg: US academic appointed to MPC
Adam Posen, a widely cited expert on monetary policy who is deputy director of the Peterson Institute for International Economics in Washington, has been chosen to replace Tim Besley, whose term is expiring on the Bank of England’s Monetary Policy Committee.
Posted by flintster1994 @ 02:58 PM (836 views) Add Comment
13 Comments
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1. flintster1994 said...
Out of interest, does anyone know how many Brits take part in the Feds rate setting descisions? Just a bit curious?
2. flintster1994 said...
Sorry, the link was to FT, not Bloomberg.
3. flintster1994 said...
Telegraph link
http://blogs.telegraph.co.uk/edmund_conway/blog/2009/06/16/the_bank_calls_in_an_expert_on_deflation_debt_and_the_lost_decade
4. Si1 said...
considering David Ricardo (an Italian economist and industrialist) came up with the law of comparitive advantage and various other international free market laws, as a resident of London, the OP comment is deliciously ironic
5. nomad said...
He's a friend of Mandy's I believe.
6. flintster1994 said...
nomad,
must be a coincidence!
7. Bear Of Little Brain said...
Suggest looking up "Peterson Institute"
http://en.wikipedia.org/wiki/Peterson_Institute
The answer is there in plain view
Love Big Brother.
8. Clockslinger said...
"imunne from political pressure and inordinate repect for the banks heirachy"...for which I read "appointed as another Blanchflower rate cutter clone".
9. crunchy said...
1. flintster1994
Structure of the FOMC
The Federal Open Market Committee (FOMC) consists of twelve members--the seven members of the Board of Governors of the Federal Reserve System; the president of the Federal Reserve Bank of New York; and four of the remaining eleven Reserve Bank presidents, who serve one-year terms on a rotating basis. The rotating seats are filled from the following four groups of Banks, one Bank president from each group: Boston, Philadelphia, and Richmond; Cleveland and Chicago; Atlanta, St. Louis, and Dallas; and Minneapolis, Kansas City, and San Francisco. Nonvoting Reserve Bank presidents attend the meetings of the Committee, participate in the discussions, and contribute to the Committee's assessment of the economy and policy options.
The FOMC holds eight regularly scheduled meetings per year. At these meetings, the Committee reviews economic and financial conditions, determines the appropriate stance of monetary policy, and assesses the risks to its long-run goals of price stability and sustainable economic growth.
2009 Members of the FOMC
Members-
Ben S. Bernanke, Board of Governors, Chairman
William C. Dudley, New York, Vice Chairman
Elizabeth A. Duke, Board of Governors
Charles L. Evans, Chicago
Donald L. Kohn, Board of Governors
Jeffrey M. Lacker, Richmond
Dennis P. Lockhart, Atlanta
Daniel K. Tarullo, Board of Governors
Kevin M. Warsh, Board of Governors
Janet L. Yellen, San Francisco
Alternate Members
James B. Bullard, St. Louis
Thomas M. Hoenig, Kansas City
Sandra Pianalto, Cleveland
Eric S. Rosengren, Boston
Christine M. Cumming, First Vice President, New York
10. crunchy said...
1. flintster1994
AMERICANS RULES US.
Brown is too stupid and arrogant to realise, or admit it.
Like the kid who has his sweets nicked on a regular basis, but doesn't want to tell Mummy or his family.
He keeps leaving home with more in the bag, hoping the family will not notice. There is a smart ass in every family, but he doesn't
know his brothers call him Dumbo. One day they will kick him out on the streets. When he asks why, they will reply... NO SWEETS!!!
11. 51ck-6-51x said...
ALL OUR BASE ARE BELONG TO U.S. [sic]
But seriously, I don't think it's as bad as being proposed here.
12. 51ck-6-51x said...
sorry,
...^^ as is being ...
13. flintster1994 said...
Thanks for that Crunchy,
Nuf said.