BoE's Financial Policy Committee ‘most fashionable backstop in town'
The Bank of England's Financial Policy Committee (FPC) may have to pick up their "high-pressure hoses" in the role of financial fire-fighters, and make "counter-popular" decisions in its new role as "the most fashionable backstop in town", according to FPC external member Martin Taylor.
Addressing an audience of businesspeople in the English midlands today, Taylor said the committee is evolving from its role as "fire prevention officer", as it was described by former member Alastair Clark, into
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