Mark Carney: belief

Transcript context

…Are there classes of decisions where such a head should recuse himself or herself, or would just feel hesitant — very risky decisions or extending foreign lines of credit, which the Fed of course has done a lot, or exchange rate policy? No. I think if you take these roles, you have to be able to take every decision no matter how small or how large. I never felt any circumstance where either I didn’t have adequate information or, God forbid, that I was somehow conflicted in my loyalties that it would have influenced the decision. Topic of the day is central bank digital currencies, as you know. Jay Powell spoke about that just the other day. If we move to some form of a central bank digital currency, how do we avoid or limit disintermediation as people pull their assets out of commercial banks and go directly through the central bank?…

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