I believe my testimony, both written and oral, did address the job issue. I think the most important thing to do now, based on experience and economics, is to create a stable fiscal policy, a sound fiscal policy which people can rely on, remove all that uncertainty about the debt, and the same goes for monetary policy. I sincerely believe that is the most constructive thing you can do.
Emphasizes the need for stable fiscal and monetary policies to promote job creation.
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More from John B. Taylor
The Financial Institution Bankruptcy Act would work better, in my view, as a resolution device than Title II of Dodd-Frank.
You want to move this economy faster? How about we stop underinvesting in our Nation's public infrastructure?
The whole idea of bailouts is that people get advantage and that it creates huge risk-taking and huge moral hazard.
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