Traci Allaway

Very nostalgic.

What's it like to go from, I guess, thinking and writing and tweeting about economics to actually practicing economics?

Setting economic policy.

There's hope for us, Joe.

There's no figuring out which dot is who.

You kind of anticipated my next question, but how much of your role is viewed as sort of explaining perhaps U.S.

monetary policy and its potential impact on the U.K.

versus actually

analyzing the UK and having to know that particular economy.

And, you know, when you first joined the MPC, did they hand you like a UK economic handbook that you had to like get up to speed on?

How would you characterize the health of the UK economy at the moment?

And Joe and I get to ask this very basic question because we don't live here.

You know, we see the headlines that everyone else does.

We see headlines about energy shocks, trade and tariffs, as you mentioned.

But then we walk around the city and things...

Things seem pretty crowded and people seem to be eating out and shopping.

That's right.

How would you describe it at the moment?

So just to emphasize this point is the idea that if we keep getting transitory shock after transitory shock or if we keep getting I think you've used the word mini waves of inflationary bouts over and over and over again, expectations will be more vulnerable towards higher inflation levels.

So people will be even more worried about inflation once we get like the third shock and the fourth shock.