It’s happened before.The last time the Federal Reserve had to cope with inflation this high was in the early years of Paul A. Volcker’s tenure as Fed chairman, from August 1979 through 1982. He responded by sharply increasing interest rates and throwing the economy into two recessions.Our Coverage of the Investment WorldThe decline of the stock and bond markets this year has been painful, and it remains difficult to predict what is in store for the future.Discordant Views: Some investors just don’t see how the Federal Reserve can lower inflation without risking high unemployment. The Fed appears more optimistic.Weathering the Storm: The rout in the stock and bond markets has been especially rough on people paying for college, retirement or a new home. Here is some advice.College Savings: As the stock and bond markets wobble, 5 …
