Volcker, Paul A
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 a pair of Brooks running sneakers. He looks a far cry from his time at the Federal Reserve, where he presided as chairman for eight […]
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Bond Market Unsettled by Inflation Worries
At one point this month, for instance, the S&P 500 had fallen more than 10 percent, into the range known in market jargon as a correction, and the Nasdaq composite index was down more than 20 percent, into what Wall Street labels bear market territory, though both have since rallied. Still, the S&P 500 on […]
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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 — and shortages in Russian and Ukrainian exports like neon, palladium and wheat — could curtail car and food production and the transport of goods, […]
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