  President Plosser notes that one way to be more explicit would be to indicate the likely behavior of the policy rate based on a few different Taylor-like rules that have been consistent with past conduct of monetary policy and are robust to our uncertainties regarding the true economic model.
10  EFTA § 920(a)(7), 12 USC § 1693o-2(a)(7). 4  BIS central bankers’ speeches  The proposed rule interprets the incremental cost as average variable cost.