Tuesday, June 16, 2009

How many British people are there? And we have to turn to the yanks again?

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 (1221 views)
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13 thoughts on “How many British people are there? And we have to turn to the yanks again?

  • flintster1994 says:

    Out of interest, does anyone know how many Brits take part in the Feds rate setting descisions? Just a bit curious?

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  • flintster1994 says:

    Sorry, the link was to FT, not Bloomberg.

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  • 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

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  • He’s a friend of Mandy’s I believe.

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  • flintster1994 says:

    nomad,

    must be a coincidence!

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  • Clockslinger says:

    “imunne from political pressure and inordinate repect for the banks heirachy”…for which I read “appointed as another Blanchflower rate cutter clone”.

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  • 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

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  • 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!!!

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  • ALL OUR BASE ARE BELONG TO U.S. [sic]

    But seriously, I don’t think it’s as bad as being proposed here.

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  • sorry,
    …^^ as is being …

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  • flintster1994 says:

    Thanks for that Crunchy,

    Nuf said.

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