John Taylor, the George P. Shultz Senior Fellow in Economics at the Hoover Institution and the Mary and Robert Raymond Professor of Economics at Stanford University, spoke at the congressional hearing conducted by Representative Kevin Brady (R-TX), vice chairman of the Joint Economic Committee, on March 27, 2012. The theme of the hearing is which monetary policy going forward will ensure a sound dollar.
“A sound dollar is a necessary prerequisite for maximizing economic growth and employment,” Brady stated. “It is how we assure that the purchasing power of the dollar remains stable over time.”
Other speakers included Laurence Meyer, former governor of the Federal Reserve System, and William Poole, former president and chief executive office of the Federal Reserve Bank of St. Louis.
Click here to view a video of “Monetary Policy Going Forward: Why a Sound Dollar Boosts Growth and Employment.”
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