Carnegie's Meltzer on Fed Policy, Taylor Rule

Jan. 20 (Bloomberg) -- Allan Meltzer, a professor at Carnegie Mellon University, talks about Federal Reserve monetary policy. Meltzer also discusses the value of capitalism versus other economic systems and the Taylor Rule formula. He speaks with Tom Keene on Bloomberg Television's "Surveillance Midday." John Taylor, an economics professor at Stanford University, also speaks. (Source: Bloomberg)