John Taylor's formula for the Fed
Podcast: The Indicator from Planet MoneyPublished On: Thu Nov 03 2022
Description: Today the Fed raised interest rates to just under 4%. The Taylor Rule says this should have happened a year ago. We talk to John Taylor about letting a formula do the work instead.For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.
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