John McFall: Interview transcript

One of the things that has surprised me since I started writing about the central banks was how much power these institutions, run by un-elected officials, have. Do you see it as the Treasury Committee's role to act as a check on that power?

There's no doubt about it. At the time of Northern Rock, the committee decided that in addition to having a session on the Bank's Inflation Report, we had to have an enquiry into Northern Rock and the first session was with the governor.

After a detailed and

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