Stanford University Professor John Taylor, creator of a rule for guiding monetary policy, said his framework suggests that Federal Reserve purchases of bonds are no longer needed to fuel economic growth.
Stanford University Professor John Taylor, creator of a rule for guiding monetary policy, said discretionary economic and spending policies are to blame for the U.S. recovery being “as disappointing as ever.”
Sprint Corp., the third-largest U.S. wireless carrier, was sued by the government over claims it overbilled the FBI and other law enforcement agencies by $21 million for the cost of assisting in court-ordered wiretaps.
John Taylor, the founder of what was once the world’s biggest currency hedge fund, said he plans re- enter the foreign-exchange asset-management business again one day in the wake of the bankruptcy of FX Concepts LLC.
The Federal Reserve would be required to have a “systematic” rule for adjusting interest rates under a proposal raised today by Stanford University Professor John Taylor, a critic of the Fed’s monetary stimulus.
The reason Hu Jintao decided to visit the U.S. this month is that the Chinese leader wants to know when the U.S. economy and its currency will be stable and strong again. It’s good the Chinese are known for patience because Hu may have to wait a while.