John B. Taylor: “The Federal Reserve, for its part, keeps interest rates often artificially low, in ways that may mask the true cost…”

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

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

I think it would be a mistake based on the knowledge we have now about how central banks work, and how economies work, to change the dual mandate even when we are in recovery, I think it is the responsible and right thing to do.

Give America a raise, and give more people jobs.