Question: Source: John Taylor, First Principles: Five Keys to Restoring America's Prosperity, New York: W . W . Norton & Company, 2 0 1 2 ,

Source: John Taylor, First Principles: Five Keys to Restoring America's Prosperity, New York: W.W. Norton & Company, 2012, p.133.
When comparing the actual target federal funds rate and the federal funds rate suggeted by the Taylor rule during the 2003-2005 period, the Taylor rule federal funds rate the actual target federal funds rate, thus indicating that interest rates during the 2003-2005 period
Source: John Taylor, First Principles: Five Keys to Restoring America's Prosperity,

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