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John Taylor: The Republicans’ Shadow Fed Chairman

Friday, January 21, 2011

He doesn't have a vote in Congress. He doesn't sit on the powerful Federal Open Market Committee. He isn't a member of President Barack Obama's Council of Economic Advisers. Nonetheless, Stanford University's John B. Taylor is considered one of the most influential economic voices in Washington.

Taylor's followers include the new GOP House leadership, the chairmen of key House committees, Presidential hopefuls, conservative thinkers, and others suspicious of Federal Reserve Chairman Ben Bernanke's stimulative monetary policy and perceived alliances with Obama Administration officials. His Economics One blog is a must-read for Republicans seeking an alternative economic blueprint—and for Democrats hoping to deflect it. Representative Paul Ryan (R-Wis.), who chairs the House Budget Committee and speaks to Taylor every two to three weeks, says he "is probably the leading voice with the highest level of credibility in proposing an alternative view to the Fed's."

Continue reading about John Taylor at Bloomberg Businessweek