Taylor Rule Implies Fed’s Target Rate Should Be 8.52%, Not 0.25%
by confoundedinterest17 As we approach another Fed Open Market Committee (FOMC) meeting (November 3rd), it is time to look at the Taylor Rule, created by Stanford economist John Taylor to help everyone understand what The Fed is likely to do. Unfortunately, The Fed doesn’t do what expected. For example, look at the Taylor Rule using … Read more