The years have not been kind to Arthur Burns, who led the Federal Reserve from 1970 to 1978 and is often remembered as perhaps the worst chair ever to head […]
Volcker, Paul A
Trending topics and news from the Volcker, Paul A category
Back to news homeJerome Powell Is Popular. His War on Inflation Could Change That.
Jerome H. Powell, who is well liked across the political spectrum, is presiding over the fastest interest rate increases in generations, with another one expected this week. Read More
Bonds May Be Having Their Worst Year Yet
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 […]
Bad News From the Fed? We’ve Been Here Before.
The Federal Reserve’s decision to raise interest rates again is hardly a positive development for anyone with a job, a business or an investment in the stock or bond market.But […]
What the 1980s Can Teach Us About Interest Rates and Inflation
The cost of living is sky-high, and the chair of the Federal Reserve says that battling it is his highest priority. Financial markets don’t know quite how to react.That, in […]
Ben Bernanke Sees ‘Stagflation’ Ahead
Standing in his kitchen one morning in Washington, D.C., and drinking a glass of lightly flavored water, Ben Bernanke is wearing a gray suit, a button-down shirt, no tie and […]
Bond Market Unsettled by Inflation Worries
From a longer vantage, the August 2020 trough may just possibly have marked the end of a 40-year bull market in bonds. The rock-bottom 10-year yield that summer was the […]
Could Inflation Prompt Powell to Act Like Volcker?
The war in Ukraine threatens to keep costs elevated for longer. Gas prices have already surged, lifting headline inflation as consumers pay more at the pump. Disruptions to supply chains […]
How to Prepare as the Fed Moves to Rein In Inflation
The amounts involved in the Fed’s quantitative easing have been staggering. Back in 2008, the Fed’s balance sheet had assets of $820 billion. They reached $4.5 trillion — yes, trillion […]
How the 2020s Economy Could Resemble the 1980s
“It was a nasty, nasty fall, but Volcker stuck the landing to the point that many parts of the macroeconomic landscape could be changed and tilted toward prosperity and markets,” […]