On the recordJuly 14, 2014
No central bank in the world follows a mechanical mathematical rule, and I think it would be a terrible mistake to ask the Federal Reserve to specify a mathematical rule.
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congress.govNo central bank in the world follows a mechanical mathematical rule, and I think it would be a terrible mistake to ask the Federal Reserve to specify a mathematical rule.
Yellen argues against a rigid mathematical rule for the Federal Reserve's operations.
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