Kevin Warsh’s first assignment to redesign the workings of a central bank began with a British lawmaker wondering whether its officials were shouting at one another.
In March 2014, Andrew Tyrie, chairman of the House of Commons Treasury Committee, asked Bank of England officials what happened to the recordings of their monetary-policy meetings. Paul Fisher, the Bank’s executive director for markets, explained that the meetings were recorded to help produce the official minutes. Once the minutes were finished, the recordings were destroyed.
Tyrie was incredulous. The discussions had “huge historical significance,” he said. The Federal Reserve…
Read the full article at BREITBART.COM
