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, weighs in on the economy and the unemployment rate. US employers across various sectors are hiring, signaling slow but steady growth; but the unemployment rate rose in October, and many Americans are continuing to leave the labor force completely. Taylor notes that bad policies are the reason unemployment is so high.

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, weighs in on the future of the Federal Reserve, noting that we cannot keep kicking the can down the road. The United States needs to return a more predictable, rules-based monetary policy that worked in the past.