John B. Taylor: “The Congress has laid out a strategy to reduce spending gradually over time. I think moving back off of that would be a…”

Simply stated, systems monitored by its own department members, no matter the claims of independent watchdog status, do not and will not work.

A clear monetary strategy is essential for good economic performance.

The connection between interest and money is a classic one.

I would characterize it as they held interest rates too low for too long in that period, and that caused excesses in the housing market.