This is careless. The Bank of England has managed to lose Adam Posen, the outspoken American dove on the Monetary Policy Committee. He’s off to the Peterson Institute in Washington, from whence he came three years ago, taking over as president of the renowned think tank from Fred Bergsten.
John Kemp at Reuters has made the point that Posen may in any case have decided not to seek a second term on the MPC when his current stint expires in August. In March last year, in a Guardian interview, he said that if he was proven wrong in his calls for more quantitative easing in Britain he would change his vote and retire from the committee.
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