He's only the man behind the modern day drum machine and the original MPC-60, and he's also the man behind the concept you're inevitably peering at above.
In August the bank's monetary-policy committee (MPC) forecast that consumer-price inflation would fall back to its official 2% target, but only after a period of economic weakness had drawn its sting.
The IMF makes a pretty strong signal to the Monetary Policy Committee (MPC) not to raise interest rates unless there's a take-off of inflation expectations.
Adam Posen, an MPC member, believes that some of the economy's weakness is down to a shortfall of small-business investment linked to a dearth of credit.