Hot Topic of Next Fed Chair Not on Program at Jackson Hole

John Taylor, a Stanford University economist famous for the "Taylor Rule" that lays out a rules-based approach to setting monetary policy, participated in all the conference discussions. Also present was Glenn Hubbard, dean of the Columbia University Business School, who chaired the Council of Economic Advisers in the George W. Bush administration and has often been mentioned when the Fed's top job has come open. In his July interview with the Wall Street Journal, Trump said he had other candidates in addition to Yellen and Cohn but he declined to name them.