Moreover, with lower costs of financing for new equipment and structures, businesses may be inclined to increase their own spending on investment projects that they might previously have seen as only marginally profitable. The Federal Reserve’s monetary policy has been accommodative since the onset of the financial crisis.
(See also: Orphanides, A. and S. van Norden: "The Reliability of inflation Forecasts Based on Output Gap Estimates in Real Time", Journal of Money, Credit and Banking, 2005.) Consequently, a sort of a Taylor rule for fiscal policy is not expedient.