🌐 Global Economy 20h ago · Menzie Chinn

The Taylor Rule and Today’s Dissents

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The Taylor Rule and Today’s Dissents
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Two voting members of the FOMC dissented in favor of raising rates. Some context for why that stance might make sense, from Jason Furman’s EconVitals Taylor rule utility.


Source: EconVitals, accessed 10/28/2026.
The implication that current rates are too low vis a vis the Taylor rule is general; here’s the Atlanta Fed’s Taylor rule app as of today:

Source: Atlanta Fed, accessed 10/28/2026.
 
 
 

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