Joe Weisenthal

Yeah, well, we've, you know, Adam Pozen has been on the show.

A bunch of times.

So, yeah, it's plausible that you and I could be MPC members.

What is your role?

What does it mean to be an external member of the MPC at the BOE?

So you and Adam aren't the first.

So in the U.S., they report, but I guess in the Europe, they don't, right?

So you don't actually get those vote counts or you don't know who, if they dissented or what.

It occurs to me, well, I actually don't, what is the BOE's mandate?

Of course, in the U.S., it's the famous dual mandate.

My understanding is the ECB is a more ostensibly singularly price mandate.

What is the BOE's mandate?

In central London where the tourists go, things look plenty active to me.

Yeah, just intuitively, you mentioned the supply side and like much of the sort of developed Western world, there is the, okay, there's the struggles of the industrial sector in large part due to competition with China.

There is the fact that if you're in a sector that's not AI, you're probably not getting a ton of investment.

London is, London specifically at least, a decent AI hub.

Okay, so we've established that the economy is somewhat weak.

But you voted to hold rates.

So what is it about the inflationary environment such that this weakness does not call for cuts right now?

You know, Kirsten, I have a theoretical question I've been meaning to ask someone about this.