BOA Claims Powell’s Interest Rate Strategy is a Deception: Separating Fact from Fiction
The Maradona Theory of Interest Rates: A Unique Perspective on Monetary Policy Introduction On a seemingly ordinary Wednesday, Bank of America presented an unusual and entertaining take on the Federal Open Market Committee (FOMC): “The Maradona Theory of Interest Rates is alive and kicking.” This theory, first formulated by Bank of England Governor Mervin King…