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Potential Fed Chairs Suggest They’d Pursue Tighter Policy

  • Fed is behind curve in raising rates, Stanford’s Taylor says
  • Hubbard, Warsh also point toward higher interest rates
Bloomberg business news

Potential Fed Chairs Talk Tighter Monetary Policy

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Potential candidates to head the Federal Reserve in 2018 suggested that monetary policy would be tighter if they were in charge.

Speaking at the annual American Economic Association meeting that ended Sunday, Glenn Hubbard of Columbia University, along with Stanford University’s John Taylor and Kevin Warsh, criticized the central bank for trying to do too much to help an economy struggling with problems that monetary policy can’t solve.