The Only Fed Rule Is That There Are No Fed Rules
The Marriner S. Eccles Federal Reserve building stands past passing vehicles in this photograph taken with a tilt-shift lens in Washington, D.C., U.S. (Photographer: Andrew Harrer/Bloomberg)

The Only Fed Rule Is That There Are No Fed Rules

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(Bloomberg View) -- One of the most frequent recommendations for monetary policy is that the Federal Reserve should be subject to a rule. Milton Friedman proposed money-supply-growth rules in the 1...
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