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Wednesday, April 7, 2010 as of 11:14 AM ET

John B. Taylor

John Brian Taylor (born December 8, 1946) is the Mary and Robert Raymond Professor of Economics at Stanford University, and the George P.

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Fed's Dudley: There Is An Argument For Easing Further

The president of the New York Federal Reserve Bank said Thursday that given his current forecast for the U.

S. economy, there is an argument for further monetary easing, arguing that today's policy makers shouldn't rely solely on the Taylor rule formula to calculate rates.Speaking about the rules and parameters of setting monetary policy at an event in New York, William Dudley said his team's outlook for stable prices and slow path back to full employment still presents a case for further easing. But gauging the costs versus benefits of providing more stimulus is key."As long as the U.S. economy continues to grow sufficiently fast to cut into the nation's unused economic resources at a meaningful pace, I think the benefits from further action are unlikely to exceed the costs," Dudley said in his prepared remarks. "But if the economy were to slow so that we were no longer making material progress toward full employment...then the benefits of further accommodation would increase in my est...

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  1. Bernanke Needs to Outline Strategy

    Stanford Professor of Economics John Taylor argues the economy needs a traditional type of policy to recover.

  2. Republican group to urge Fed to drop QE2: report

    LONDON (Reuters) - A group of Republican-leaning economists will launch a campaign this week calling on U.S. Federal Reserve Chairman Ben Bernanke to drop his plan t...

  3. How Quickly Should Financial Reform Be Applied?

    Fmr. Treasury Official John Taylor argues the financial overhaul will do more harm than good.

  4. Taylor Rule Calls for Negative Fed Fund Rate

    Guggenheim Partners CIO Scot Minerd on the limited options for the Fed to boost the economy.

  5. Shaping Europe's Economies

    Former World Bank President Paul Wolfowitz on the future of European government.

  6. Is the Fed to Blame for Asset Bubbles?

    When the housing bubble burst, it flattened investor portfolios across the country. From the start of 2008 to the spring of this year, the economic crisis has knocke...

  7. Is the Fed to Blame for Asset Bubbles? « Emac's Stock Watch

    December 4, 2009 10:44 AM UTC by Elizabeth MacDonaldIs the Fed to Blame for Asset Bubbles?When the housing bubble burst, it flattened investor portfolios across the ...

  8. Red Ink Watch: How Bad Is the Deficit?

    Hoover Institutions John Taylor on why the deficit poses a systemic risk.

  9. Households Pay $55K to Cover Gov. Spending

    John Taylor , Stanford professor and senior fellow at the Hoover Institution, weighs in on U.S. household contributions to the governments exploding debt.

  10. Military Making Moves on Pirates?

    Taylor on Simoli Pirates

  11. G-20 Commits $250B to Global Trade

    Eswar Prasad on what this means for trade.

  12. G-20's Impact on Economic Downturn

    Simon Johnson on the G-20 summit.

  1. Minerd: Fed Will Impose Some Sort of QE

    Guggenheim Partners CIO Scott Minerd weighs in on the Fed and his outlook for interest rates.

  2. The Keys to Fixing the US Economy

    John Taylor , Stanford University economics professor, on his new book and how to rebuild the American economy.

  3. The 5 Steps to Fixing the Economy

    “First Principles” author John Taylor on what is needed to turn the U.S. economy around.

  4. What May Happen at Fed’s Two-Day Meeting in September?

    Hoover Institution’s John Taylor on the Federal Reserve’s policy and the state of the economy’s recovery.

  5. GOP Playing Debt Limit Chicken

    Stanford University Economics Professor John Taylor explains why GOP playing chicken with debt limit is good for the economy.

  6. Taking Action on Spending

    Stanford Economics Professor John Taylor argues we need a link between the debt ceiling and spending cuts.

  7. Fed's newest policymaker seen siding with Bernanke

    By Ann SaphirCHICAGO (Reuters) - John Williams, the Federal Reserve's newest policymaker, is unlikely to call for a quick exit from Fed monetary stimulus despite his...

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