Q&A: Stanford's Taylor argues for higher interest rates

April 17, 2015 10:03 AM

54 0

Q&A: Stanford's Taylor argues for higher interest rates

Stanford University economist John Taylor is arguably the leading critic of Federal Reserve policies that have kept interest rates near zero six years after the Great Recession ended. The "Taylor rule" he proposed in the early 1990s is a formula that stipulates what the Fed's benchmark rate should be based on inflation and the level of economic growth. It's now a model for a House bill that would force the Fed to base its interest rate decisions on a rule.

USA TODAY economics reporter Paul Davidson spoke with Taylor, who is attending the International Monetary Fund-World Bank spring meetings in Washington.

Read more

To category page

Loading...