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