Inflation began rising in 2021, and the FED was very slow in raising interest rates and tightening monetary policy.
Per the Taylor rule, the FFR should have been nearly 10% by the end of 2021, while the Fed kept the rate near zero. Policy mistake?
Inflation began rising in 2021, and the FED was very slow in raising interest rates and tightening monetary policy.
Per the Taylor rule, the FFR should have been nearly 10% by the end of 2021, while the Fed kept the rate near zero. Policy mistake?