Traci Allaway

Got it.

Yeah.

So we talked earlier about spillover from U.S.

monetary policy, and it is thinkable that the U.S.

could be raising rates sooner than it might be lowering rates.

How would you anticipate the feed through from a tightening of U.S.

monetary conditions to the U.K.

at this current moment?

Can you talk a bit more about just the decision-making process on the MPC?

Because again, here, I'm going to emphasize Megan's many other jobs.

You've been in academia, you've been in business settings, and now you're at a central bank.

What are the sort of differences that you observe between how the decision-making process works at those types of institutions versus a central bank?

This is just a long way of me asking you what the discussions are actually like.

I mean, other than scenario analysis, is there anything else that central bankers should do in order to deal with supply shocks?

Because this was a theme post-COVID in the U.S., this idea that the Fed only has an interest rate and interest rate is not a particularly adept tool at dealing with the supply side.

As you said earlier, central bankers are often, you know, they're very much trained and focused on dealing with the demand side, not necessarily the supply side of the equation.

And part of that is because they don't necessarily have the right tools.

You get tools is what I'm asking.

You also mentioned communicating how the central bank, how the BOE is thinking to the market and I guess to households as well.

We might have a new Fed governor very, very soon in the form of Kevin Warsh.