Fed Needs to Hike Rates a Bit More, Taylor Rule’s Creator Says
- Economist’s eponymous rule for guiding policy is used globally
- Taylor advocates for further drop in budget gap; freer trade
John Taylor
Photographer: Andrew Harrer/Bloomberg
This article is for subscribers only.
The Federal Reserve needs to raise interest rates a bit further to rein in an inflation rate that’s too high, monetary expert John Taylor said.
“They’ve had a big adjustment over the last couple of years,” the Stanford University professor told a webinar hosted by the American Council for Capital Formation on Thursday, adding, “I think they should go a little bit higher.”