Wednesday, 4 November 2009

MPC’s 'feeble six’ need to do their jobs before the economy falls off a cliff

"The MPC needs to increase QE by at least £50bn at this meeting. Posen and Tucker seem likely to vote to do more. Why Sentance, Fisher, Barker and Bean voted against more QE remains unclear, as they haven't told us. It's time for them to shape up and do their jobs, and take out more insurance to prevent the economy dropping off a cliff. My guess is that King, Miles, Posen, Tucker and probably Barker at least will vote in favour."

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