Solved: Professor jay diego stresses that the fed is data dependent, Business Economics

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Professor jay diego stresses that the fed is data dependent

Professor Jay Diego, stresses that the Fed is "data dependent" when deciding when and by how much to adjust the federal funds rate.

a) What does she mean "data dependent"?

b) Does that mean that the Taylor Rule is of no use in predicting what the Fed will do? Why or why not?

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Business Economics: Professor jay diego stresses that the fed is data dependent

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