John B. Taylor: “With respect to the tax rates, I see no reason to do anything except to commit to keeping those rates from rising.”

I think we learned so much about what worked in monetary policy in the 1980s and 1990s until recently, so go back to that general style of policy as soon as possible.

You don't increase taxes.

I have argued that there is a two-sided risk to the quantitative easing in its unwinding.

A clear monetary strategy is essential for good economic performance.