John B. Taylor: “I believe the idea of replacing the confusing dual mandate... will improve decision-making by the Fed.”

I think it is very important to do something directly about the too-big-to-fail problem.

Give America a raise, and give more people jobs.

The Congress has laid out a strategy to reduce spending gradually over time. I think moving back off of that would be a mistake.

The bailout problem is still there. There will be every incentive for the FDIC to provide additional funds to some creditors.