ThePrinntPod: Iran Parliament Speaker Ghalibaf mocks US Fed with 'Straits Taylor Rule': The Economics behind it
Hours before the Federal Reserve raised rates by 25 basis points on 16 September, Iran's Parliament Speaker Mohammad Bagher Ghalibaf posted a rewritten version of the Taylor Rule, the formula central banks use to set interest rates, adding new terms for the Strait of Hormuz and Bab el-Mandeb. His argument: you can…
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