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Here's why a simple rules-based Fed monetary policy wouldn't work. Do you agree?

Discussion in 'Fundamental Analysis' started by ForexLive, Nov 26, 2015.

  1. ForexLive

    ForexLive Forum Member

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    A Wall Street Journal piece on making Federal Reserve monetary policy on a simple rule The requirement would be based on the Taylor Rule - In 1993 economist John Taylor inferred a formula for how Paul Volcker and Alan Greenspan set interest rates from 1987 to 1992 Opponents of introducing this rules-based policy say no rule can anticipate all the shocks and economic changes the Fed is likely to encounter

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