It is therefore not surprising that almost all countries adopt the same type of rules, like speed limits in the case of traffic, or some kind of limitation of risk exposures in the case of banking.
17 Lastly, simple rules ignore important risk-management considerations that have influenced the Committee’s decisions in recent years. With the federal funds rate still near zero, the Committee recognizes that, should the economy unexpectedly weaken in the next year or two, there would likely be only limited scope to respond by lowering short-term rates.