Adam Posen

speaker
1,220 appearances 2 recordings 1 series first heard Aug 2025 last heard 1 Sep

Adam Posen’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in Sep 2026 with 1.

Appearances

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And so now we've had a dozen years of very low productivity growth in the UK.
And at some point that catches up with you.
Um, and I think that's the way to look at it is
You throw Brexit in on top of that, which may be one of the reasons why productivity growth hasn't come back and there's debate about
But they have been running making less with more rather than more with less for a very long time.
And
wages and prices and the pound.
All haven't dropped accordingly.
So it's not like unfortunately Greece suffered through, say, or Portugal during the financial crisis.
And so something's out of whack and this shows up eventually in the fiscal policy, which is what you're talking about, that they have a bunch of really hard choices to make.
If the government the current Labour government doesn't make lots of cuts
the interest rates keep going up.
Yeah.
If they do make lots of cuts, then probably productivity growth doesn't improve.
So they're just in a really, really tough situation.
So
The central bankers, both publicly and in conversations I've had with them from around the world.
are shocked and horrified.
That's
The Trump administration is doing this to the Fed.
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