Whatever the Rule, Investors See Taylor Turning Fed Hawkish
- Taylor stresses flexibility two days after meeting with Trump
- Yield curve flattening as markets bet on hawkish outlook
Economist Lee Says Taylor Can Be One of Best Fed Chairs
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Investors are still betting a Federal Reserve run by economist John Taylor would mean higher U.S. interest rates despite his signaling he would be more flexible in setting monetary policy than his academic work suggests.
Reflecting such suspicion, the dollar rose and the 10-year U.S. Treasury note fell on Monday after Bloomberg News reported Taylor, a professor at Stanford University, impressed President Donald Trump in a recent White House interview.