However he hasn't taken much flak from the mainstream media - until now. The august and respected Wall Street Journal has turned on him, saying,
Should in a year’s time the BOE’s forecasts continue to be undershooting actual inflation as much as they have done hitherto, the market’s confidence in King and his colleagues will evaporate very quickly. The solution then won’t just be a very large and very rapid tightening of policy. It will be to replace King with someone whose reputation isn’t riddled full of holes.
Ouch! Read the full article here.