Architect of Taylor Rule says rates should be based on his or a similar formulaUSA TODAY
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Former US Federal Reserve chairman Ben Bernanke has been hired as a consultant by the Citadel hedge fund, the company announced Thursday. Bernanke, who led the Fed from February 2006 to January 2014, will advise the investment firm on monetary policy, financial markets and the global economy, the…AFP
The following are highlights of the International Monetary Fund and World Bank meetings on Thursday in Washington, where finance ministers, central bankers and other top officials are gathering. "Payment delays have not been granted by the board of the IMF in the last 30 years.Reuters
Still, Fischer emphasized that a tightening would be slight. Fischer added that the expected increase of a quarter of a percent would be the lowest rates had ever been if not for the recent move to zero. "My impression is the Fed is saying one thing and the market is hearing another. The Fed is…CNBC.com