SAN FRANCISCO, Nov 24 (Reuters) – A rule that some U.S.
lawmakers want the Federal Reserve to follow when setting
monetary policy is now giving conflicting signals on where
interest rates should be, a San Francisco Fed study published on
The so-called Taylor rule, named after its author Stanford
University professor John Taylor, delivers an estimate for the
appropriate level of interest rates based on the rate of
inflation and the level of economic slack.