Paul Volcker

Paul Volcker News

  • Wall Street Seeks Dodd-Frank Changes Through Trade Talks

    U.S. bankers and insurers are trying to use trade deals, which can trump existing legislation, to weaken parts of the Dodd-Frank Act designed to prevent a repeat of the 2008 financial crisis.

  • Volcker Says Jobless Rate to Remain Above 6% for Two Years

    Growth in the U.S. remains too sluggish to cut the jobless rate quickly, leaving it a “long way” from satisfactory levels, according to former Federal Reserve Chairman Paul Volcker.

  • Citigroup Funds Bestowed on Employees Offer Volcker Payday

    For a pair of former Citigroup Inc. hedge-fund managers, Napier Park Global Capital may turn into a multimillion-dollar payday thanks to the Volcker rule.

  • JPMorgan Hid Trades Banned by Volcker Rule, Senate Probe Finds

    JPMorgan Chase & Co. engaged in high-risk proprietary trading under the guise of ordinary hedging, said Senate investigators, who urged U.S. regulators to strengthen the proposed ban on such trades known as the Volcker rule.

  • Volcker Restored Fed’s Credibility on Inflation

    Federal Reserve Chairman Paul Volcker sounded like James Bond during a telephone conference call with members of the FOMC on Friday, Oct. 5, 1979.

  • Bernanke Jackson Hole Absence Contrasts With Greenspan Adulation

    When former Federal Reserve Chairman Alan Greenspan was set to retire, his final appearance in 2005 at the Fed’s annual symposium in Jackson Hole, Wyoming, became a celebration of his legacy.

  • Bernanke to Miss Jackson Hole Symposium on Schedule Conflict

    Federal Reserve Chairman Ben S. Bernanke will not attend the central bank’s marquee conference in Jackson Hole, Wyoming, this year because of a personal scheduling conflict, a Fed spokeswoman said.

  • Toward a New Consensus on Monetary Policy

    If you’ve ever experienced high inflation, you’re unlikely to forget it. In the decades between the end of World War II and the creation of Europe’s new currency, Germany’s central bank set the global standard for sound finance and monetary conservatism. Germany’s folk-memory tied the hyperinflation of the 1920s to the destruction of German society and the rise of Adolf Hitler. “Never again” was the idea that motivated, and to some degree still motivates, German monetary policy.

  • Gold Bugs Had the Best Monetary Rule

    Ever since the U.S. severed the last remnant of the dollar’s link to gold in 1971, economists have been searching for a new rule for monetary policy. The Great Inflation of the 1970s only reinforced the notion that rules trump discretion. But what sort of rule exactly?

  • Volcker Says Weakening the Fed’s Stimulus ‘Liquor’ a Challenge

    Former Federal Reserve Chairman Paul Volcker said U.S. central bank officials may find it difficult to rein in their historic stimulus at the appropriate time because “there is a lot of liquor out there now.”

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