According to John Taylor (for whom the Taylor rule is named),during the period 2002-early 2006 actual Fed policy was "too_________" ,which he believes led to both interest rates being "too ________" and rising housing prices in the United States.

Question

Quizplus · Accepted Answer

John Taylor argued that during 2002-early 2006, the Federal Reserve's policy was too expansionary, leading to interest rates being too low, which contributed to the housing bubble.

According to John Taylor (For Whom the Taylor Rule Is