Monetary Policy

Damning Indictment of the Bank of England’s Failures in New Report

Julian Jessop quoted in The i

IEA Economics Fellow Julian Jessop has been quoted in The i responding to former U.S. Federal Reserve Chairman Ben Bernanke’s new report on the Bank of England’s forecasting and communications.

The article said:

“Julian Jessop, at the free market think tank, the Institute of Economic Affairs, said the report exposed ‘serious shortcomings at the Bank of England, which ultimately deepened the cost of living crisis‘.

“‘It is a tough read and the response from the Bank is even harder to follow. This is not a great start to a process that is supposed to improve the transparency of policymaking,’ he added.”

Read the full article here.

Julian’s response was also quoted in This Is Money, Reaction, and MSN.

Read Julian’s full comment here.