Joe Weisenthal

Which is our only exposure to what policymaking looks like in the U.K.

This might be sort of like an abstract question.

You can take it however you want it.

A prior guest we've had on the podcast a bunch of times, Hyun Song Shin, recently became the head of Korea Central Bank.

And I read his opening speech, which I thought was really interesting.

And he said, you know, central bankers like to talk about theory and putting it into practice.

And you have theories like independence is good and so forth, these ideas you put in practice.

He said, in reality, the practice happens and then you sort of form a theory around it and that we're in a moment of historical change for central banks for many reasons.

Perhaps political populism, politics is changing.

That might change the nature of central banks.

AI, the extreme uncertainty of AI and how that's going to affect the economy.

That's a source of change.

And therefore, central banks period are going to be in a new period of like the old ways

Does it feel like, whether at the BOE or general, that we're going to be entering a new era of central banking per se?

Yeah, thank you so much.

That was great.

I know.

The Bank of England, Bank of England.

That would be a pretty sweet job.

I know, me too.