Paul Volcker administered the tough medicine when the American economy badly needed it. It was 1980, and the inflation rate had passed 14 percent. OPEC, a cartel of foreign oil producers, had launched ...

Amazing Comments by Volcker Back in December 1980Oliver's latest piece dug up a comment by then Fed Chairman Paul Volcker from December 1980. I decided to look it up in context and get the whole quote ...

According to Paul Krugman, hard-liners who want the Fed to keep raising rates are relying on arguments that are conceptually wrong. Available evidence says that inflation expectations are still ...

The consumer price index for May clocked inflation at 3.3% annually, a slight cooling of the inflation rate in April. On a monthly basis, prices were flat, which cheered many observers and investors.

Continued from ①/② President Jimmy Carter, a Democrat, took office in 1977. Inflation (rising prices) was already severe. A ...

Paul Volcker, who as Federal Reserve chairman in the early 1980s elevated interest rates to historic highs and triggered a recession as the price of quashing double-digit inflation, has died, ...

Paul Volcker, who as Federal Reserve chairman in the early 1980s elevated interest rates to historic highs and triggered a recession as the price of quashing double-digit inflation, has died, ...

President Jimmy Carter nominated New York Federal Reserve Bank President Paul Volcker to chair the Federal Reserve Bank in July 1979 to deal with the immediate issue of hyper-inflation. He was ...

With few exceptions, stocks last week were savaged in the wake of comments made by Federal Reserve Chairman Jerome Powell that all but assured a half-point rate hike at the Federal Open Market ...