Negative Rates May Do More Harm Than Good, Expert Says

By
Chris Anstey
  • Stanford economist says central banks should take step back
  • Views Fed as behind the curve on getting back to neutral

Why the Taylor Rule Still Applies to the Federal Reserve

The negative interest rate strategy that Japan and Europe’s central banks have embraced may do more harm than good, according to John Taylor, the creator of an eponymous rule for guiding monetary policy.

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