Volcker in a sentence

In fact, this was a major problem that Paul Volcker confronted in the late 1970s and early 1980s.

In the 1970s, Fed chairman Paul Volcker famously used monetary policy—specifically a campaign of rapid interest rate increases—to erode the bargaining power of labor as a means of taming inflation.

Paul Volcker proved that four decades ago when he pushed the real Fed funds rate north of 8.0% before he finally broke the inflationary momentum.

The Volcker Rule additionally regulates monetary companies’ use of derivatives in an try to forestall “too large to fail” establishments from taking giant dangers that may wreak havoc on the broader financial system.

These economic headwinds were only halted by the drastic interest rate hikes of Burns’ successor Paul Volcker.

Credit must be divvied out more broadly, including to those like Volcker appointed by Democrats, however weak the evidence.

If anyone came to epitomise the power of the independent central banker before the phenomenon became fashionable it was Paul Volcker, the former Federal Reserve chairman who has died aged 92, says the Financial Times.

In that role, Volcker pressed for restrictions on banks’ ability to trade in financial markets with their own money, rather than their clients’, and to invest in private equity and hedge funds.

In the early 1950s, a young economist named Paul Volcker worked as a human calculator in an office deep inside the Federal Reserve Bank of New York.

On Wednesday, the Trump administration took a first step to reforming a major component of the law, known as the “Volcker r ule,” which prevents banks from risking depositors’ money on certain speculative investments.

This was the core of Margaret Thatcher’s revolution in British economic policy and motivated the Fed’s policies, led by Chair Paul Volcker, to quash U.S. inflation in the early 1980s.

Volcker, who died aged 92 in New York on Sunday, was the chairman of the Federal Reserve board who slew what had been double-digit inflation in the US after the two oil crises of the 1970s.

Volcker, who slayed the US inflation dragon in the 1980s, bemoaned Trump's frequent attacks on the American central bank as "a matter of great concern," in the essay published in The Financial Times.

Fed Considers ‘Material Changes’ to Volcker Rule: DealBook Briefing - The New York TimesNYTimes.com no longer supports Internet Explorer 9 or earlier.

One could argue, I suppose, that the Volcker Fed kept inflation in check by raising its policy rate aggressively against signs of rising inflation expectations (the Fed had by this time abandoned targeting monetary aggregates).

That vigilance is important as the Federal Reserve considers a plan to soften the Volcker Rule, which prevented banks from making risky investments with depositors’ money.

The Volcker Rule ostensibly prohibits banks from what is called “”—trading for their own accounts rather than on behalf of clients.

Volcker replied: “Mr President, there have been concerns along those lines, but I think you can make a strong case that we have operated quite well.

Sevan repeatedly denied the charges and argued that he was being made a "scapegoat". citation The Volcker report was highly critical of the UN management structure and the Security Council oversight.

Sevan's behavior was "ethically improper", Volcker said to reporters.