John B. Taylor: “I think the more transparent the Fed can be with respect to its strategy or its operations, the less chance there is for…”

I think higher capital requirements are a way to get at this problem, and it may be the easiest way.

The powers are 'almost like a virus in the body politic of municipal democracy,'

I have always believed, along with he and a large number of other economists, that it is right for elected officials to set the goals, and it is wrong for elected officials to interfere with the instruments.

I have become critical of the Federal Reserve policy regarding its unconventional policies, both before the crisis and after.