A Lot More Damage to Come From Brexit, Says Peterson Institute's Posen

The transcript discusses the importance of continuity in policy leadership, using examples like Greenspan and Carney. It highlights the challenges Brexit poses to the UK economy, emphasizing that the focus should be on the committee rather than individuals. The economic impact of Brexit is analyzed, noting that productivity issues predate Brexit but are exacerbated by it. The discussion concludes with potential actions by the Bank of England, stressing the need for adaptation to economic changes.

What is the main issue discussed regarding Governor Carney's role?

What does the speaker suggest about the perception of individual policymakers?

What are the challenges mentioned in relation to inflation targeting?

How does the speaker view the impact of Brexit on the UK economy?

What is the speaker's opinion on the potential economic damage from a hard Brexit?