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Mr Posen said he was not alone in voicing his concerns but admitted it was a minority view
</div> A member of the Bank of England's Monetary Policy Committee (MPC) has said he was concerned about support given by the MPC for the government's plans to cut the budget deficit.
Adam Posen said that he was worried about the committee's impartiality.
The Bank's governor Mervyn King expressed his backing for the new government's deficit reduction plan at the publication of the Bank's Inflation Report just after the election in May.
The report also used similar language.
Mr Posen told MPs on the Treasury Committee that he and some colleagues had made their concerns known to the governor.
But he admitted this was a minority view.
"There was a difference of opinion at the MPC at the May meeting over a particular paragraph in the report that was talking about the need for a particular speed to deal with the fiscal policy," he said.
"A number of people on the committee, myself plus at least one other... were concerned that the statement could be seen as excessively political in the context of the election.
"We expressed that point of view. We offered alternative language. The majority of the committee decided that they were comfortable with the language that appeared in the report."
The four-sentence paragraph Mr Posen referred to stated: "A significant fiscal consolidation is necessary in the medium term. The committee's projections are conditioned on the plans set out in the March 2010 Budget.
"Nevertheless the eventual nature and pace of the consolidation are uncertain and will need to be sensitive to sustaining financial market confidence.
"A more detailed and demanding path of fiscal consolidation than set out in the March 2010 Budget may therefore be needed in order to avoid unnecessary increases in the cost of issuing public debt."
This article is from the BBC News website. © British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.
Mr Posen said he was not alone in voicing his concerns but admitted it was a minority view </div> A member of the Bank of England's Monetary Policy Committee (MPC) has said he was concerned about support given by the MPC for the government's plans to cut the budget deficit.
Adam Posen said that he was worried about the committee's impartiality.
The Bank's governor Mervyn King expressed his backing for the new government's deficit reduction plan at the publication of the Bank's Inflation Report just after the election in May.
The report also used similar language.
Mr Posen told MPs on the Treasury Committee that he and some colleagues had made their concerns known to the governor.
But he admitted this was a minority view.
"There was a difference of opinion at the MPC at the May meeting over a particular paragraph in the report that was talking about the need for a particular speed to deal with the fiscal policy," he said.
"A number of people on the committee, myself plus at least one other... were concerned that the statement could be seen as excessively political in the context of the election.
"We expressed that point of view. We offered alternative language. The majority of the committee decided that they were comfortable with the language that appeared in the report."
The four-sentence paragraph Mr Posen referred to stated: "A significant fiscal consolidation is necessary in the medium term. The committee's projections are conditioned on the plans set out in the March 2010 Budget.
"Nevertheless the eventual nature and pace of the consolidation are uncertain and will need to be sensitive to sustaining financial market confidence.
"A more detailed and demanding path of fiscal consolidation than set out in the March 2010 Budget may therefore be needed in order to avoid unnecessary increases in the cost of issuing public debt."
This article is from the BBC News website. © British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.