Colm Imbert, on Friday 6th June, 2014, while making his contribution in Parliament said that we need a need a wise old man for the position of Governor of the Central Bank. How myopic could this statement be! What does age or gender have to do with it? I ask this so called “wise, old man” who made this asinine statement to take a look at the current Governor of the Bank of England, Mark Carney. Mr Carney was the Governor of the Bank of Canada at the age of 43 and was appointed to his current position at age 48. And what about the current Chair of the Federal Reserve in the United States, Janet Yellen?
What we have here is a middle-aged man and a woman leading two of the most powerful Central Banks in the world. According to the now expert on Central Banking, Colm Imbert, these two do not fit the criteria for these post. According to him, your ability does not matter, as long as you are an old and wise man. Dear Mr. Imbert, age does not necessarily wisdom, you of all people should be cognizant of this fact.