Problem
The Federal Reserve kept its policy rate at a range from 0 to 0.25 percent at its March 16, 2010, meeting. According to the Bureau of Economic Analysis, real GDP increased at an annual rate of 5.6% during the last quarter of 2009, while the Bureau of Labor Statistics reported that the CPI remained unchanged in February 2010. Was the Fed's decision to keep its target unchanged consistent with the Taylor rule? Why, or why not?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.