Bank of England Rational Expectations Hypothesis as promulgated by Walters The handing over of monetary policy to the Bank had been a key plank of the Liberal Democrats' economic policy since the 1992 general election. Conservative MP Nicholas Budgen had also proposed this as a private member's bill in 1996, but the bill failed as it had the support of neither the government nor the opposition. Mark Carney assumed the post of Governor of the Bank of England on 1 July 2013. He succeeded Mervyn King, who took over on 30 June 2003. Carney, a Canadian, will serve an initial five-year term rather
William King (Governor of West Florida) 29, he also oversaw the dispersal of the Tennessee and Kentucky militia. However, Jackson's invasion of Florida threatened to derail the Adams–Onís Treaty, by which the United States hoped to acquire Spanish Florida, and the James Monroe administration wanted West Florida restored to Spanish control. King served in his post until he was relieved by Edmund P. Gaines on orders from U.S. Secretary of War John C. Calhoun. He was succeeded by José María Callava, West Florida's final Spanish governor. King was discharged from the Army in June 1821, and died in January 1826. Fort King, constructed in 1827, was