SEP Projected Federal Funds Rate: Taylor (1993) Percent  Intercept: 2 percent Intercept: 0.9 percent  5  4  3  2  1  0  −1 2016  2017  2018  Source: Summary of Economic Projections (SEP), September 2016 (document available on the Board’s website at https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm); John B. Taylor (1993), "Discretion versus Policy Rules in Practice," Carnegie−Rochester Conference Series on Public Policy, vol.
It is therefore even more important that countries such as ours pay particular attention to preserving financial stability even as we deepen and broaden our financial sector at home and integrate with the rest of the world1.