# Professor Kim Schoenholtz comments on the Federal Reserve's approach to monetary policy

1 Faculty News November 22, 2016 ![Bloomberg logo](/sites/default/files/styles/246w/public/assets/images/bloomberg192x144.jpg?itok=yV529lwz)>

Excerpt from [Bloomberg](http://www.bloomberg.com/news/videos/2016-11-22/schoenholtz-fed-is-rule-like-but-not-slavish-to-rules) -- "The Fed actually is very rule-like in its behavior. It thinks about rules all the time. But they're not slavish, and that's important because they realize there are factors other than a simple rule that should govern monetary policy."

[Watch the video](http://www.bloomberg.com/news/videos/2016-11-22/schoenholtz-fed-is-rule-like-but-not-slavish-to-rules)