𝛼SK or Searchbullish
The Maradona Theory of Interest Rates
SUMMARY
- This week, the Fed announced various nominees for the task forces Warsh has set up. Former BoE chief Mervyn King was chosen to lead the new ‘’communications task force’’.
- Back when he was at the helm of the BoE, King proposed the Maradona approach to Central Bank communication: pretend to go right (be hawkish), pretend to go left (be dovish), and in the end get to your final objective without really moving much.
- And given the output of the macro models I use to look at US growth, labor market and inflation the Maradona approach to interest rates could be the best fit.
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- The Maradona Theory of Interest Rates14 Jul 2026
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