- I see the need for activist policy, rather than gradualist
- Activist policy means holding bank rate firmly until sufficient evidence of diminished inflation persistence, then can move forcefully
- I expect elevated volatility in macroeconomic variables over coming years
- US political developments have not made disorderly trade scenarios less likely and there will be consequences for the UK
The idea of ‘moving forcefully’ — even in the distant future — is surprisingly from Mann, who is an uber-hawk.
This article was written by Adam Button at www.forexlive.com.
