It's a classic case of human vs. machine. Eight times a year, the Federal Open Market Committee convenes and spends two long days deciding on a target interest rate to keep inflation low and jobs high ...

One of the central ideas in monetary policy thought is the “Taylor Rule”. Proposed by John Taylor in 1993 as a description of how the Federal Reserve behaved, the rule showed that the Fed’s decisions ...

Today the Fed raised interest rates to just under 4%. The Taylor Rule says this should have happened a year ago. We talk to John Taylor about... John Taylor's formula for the Fed It's a classic case ...