Why John Taylor — a Leading Candidate to Replace Yellen — Shouldn't Lead the Federal Reserve

From Bloomberg: With just over a year remaining on Janet Yellen’s current term as chair of the Federal Reserve, comments from three of her potential successors at this this weekend’s annual American Economic Association meeting are noteworthy. Glenn Hubbard of Columbia University, along with Stanford University’s John Taylor and Kevin Warsh, are all seen by Fed watchers as potential future chairs should President-elect Donald Trump decide not to re-nominate Yellen. All three criticized the U.S. central bank for trying to do too much, and suggested interest rates would be higher if they were in charge. There are two reasons Taylor…

Source: XE news feed
Why John Taylor — a Leading Candidate to Replace Yellen — Shouldn’t Lead the Federal Reserve