Money & Business
What do you need to know about Donald Trump's nominee to oversee US banking?
...become much less useful – even harmful. If the Taylor rule were an effective and straightforward method of transforming complex choices into simple, easy-to-understand decisions, the question is, why doesn’t every central bank use this rule? The answer is as simple as the Taylor rule itself. Sometimes a country faces an economic quandary, such as what the U.S....