Gas lines and quadrupling oil prices freaked out American consumers. But the oil crises also transformed global finance.
Category: Volcker, Paul A
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The Markets Want Rate Cuts but The Fed Is Taking Its Time
Vague comments about possible future rate cuts were all that central bankers gave the markets. Patience will be difficult at this tricky moment, our columnist says.
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The Fed’s Decisions Now Could Alter the 2024 Elections
The state of the economy will affect voting next November, and the Federal Reserve may find itself in a delicate position, our columnist says.
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America’s Inflation Antihero Gets a Makeover
As the Fed fights inflation with a wary eye on the 1970s, some are arguing that Arthur Burns, the Fed chair at the time, gets too bad a rap.
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Jerome Powell Is Popular. His War on Inflation Could Change That.
The New York Times – Business: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.