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Podcast: Beyond Currency
Episode: 8 April 2022 - Pill returns to the front line
Description: Huw Pill was named the Bank of England’s Chief Economist in September last year. After a significant absence from the bank’s front-line team for a couple of months, for reasons unknown. He returned yesterday to provide a veiled criticism of what had gone before.
In a speech, he commented that he believes that Quantitative Easing may not be the answer to bond market dysfunction.
It is interesting that in his previous life working at global investment bank Goldman Sachs, he never once suggested another policy option to his former colleagues at the bank.
In a clear case of bein...