YouSaid · the spoken record

Megan Greene

lines on the record
55
first
2026-05-11
most recent
2026-05-11
sittings or episodes
1
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podcast

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  1. “You kind of anticipated my next question, but how much of your role is viewed as sort of Explaining U.S. monetary policy. Impact”

    2026-05-11 · Odd Lots · The Bank of England's Megan Greene on Monetary Policy in a World of Supply Shocks · IDENTIFIED FROM THE TRANSCRIPT · source

  2. “That's right. People can out themselves if they want to. But at the Bank of England, we're fully transparent about all of that. And so you can see that often there are dissents. In fact, after the last Fed vote, I had a number of friends say, gosh, the Fed looks a lot like the NPC right now because there were four dissents. It's quite normal to have dissents at the Bank of England, which is pretty different from most major central banks. But it's all part of this idea of sort of personal accountability for your vote and having different perspectives on a committee.”

    2026-05-11 · Odd Lots · The Bank of England's Megan Greene on Monetary Policy in a World of Supply Shocks · IDENTIFIED FROM THE TRANSCRIPT · source

  3. “No, so there have been others. But the idea is just to have, to quite intentionally bring in different perspectives. The external members sit in a different part of the bank from the internal members so that we don't all collude and get stuck in groupthink. So the idea is to have different perspectives. I come from the private sector. Many members of the MPC come from academia. So I bring kind of the business environment corporate side of things. And also from outside the country. So I spent a lot of time looking at international spillovers. You can see in my speeches how the UK is affected by things happening in the US and the Eurozone, for example. So the idea is to just fight groupthink. And you can see that often in our votes, right? We're also unique for reporting who voted for what every time. And so you can see what the vote is. There's no figuring out which dot.”

    2026-05-11 · Odd Lots · The Bank of England's Megan Greene on Monetary Policy in a World of Supply Shocks · IDENTIFIED FROM THE TRANSCRIPT · source

  4. “Yeah, so that's a great question. And the Bank of England is pretty unique for its setup this way. So the monetary policy committee, which meets every six weeks and votes on interest rates, is comprised of nine people. Five are so-called internals and four are so-called externals. And the internal members are the governor, the deputy governors, and the chief economist. Some of them grew up at the Bank of England. Some of them didn't. Some of them came in. But they're all part of the executive. And then the four external members of the MPC, of which I'm one, quite intentionally came from outside the bank. And what that means exactly is differs in every case, so it could be from outside the industry entirely. It could be from outside the country, as you can tell from my accent, and also from my background, I'm a little bit of both, although actually I'm also British, so I'm not sure how they're bypass for it. I'm not sure how they're classifying me. But there's always been an American actually on the NPC. It's not a rule.”

    2026-05-11 · Odd Lots · The Bank of England's Megan Greene on Monetary Policy in a World of Supply Shocks · IDENTIFIED FROM THE TRANSCRIPT · source

  5. “Yeah, so first of all, I love that you guys think of me as Finance Twitter. Certainly was not paying any of my bills. I bet not. Over the years, now sadly my Twitter account is relegated mostly to baseball commentary. Go Red Sox. But, you know, it's very different to go from kind of analyzing and forecasting what central bankers will do to being a central banker and making the sausage myself. So it's a very different position with a whole lot more responsibility.”

    2026-05-11 · Odd Lots · The Bank of England's Megan Greene on Monetary Policy in a World of Supply Shocks · IDENTIFIED FROM THE TRANSCRIPT · source