Economy and Inequality To understand the Federal Reserve’s inflation playbook, look to the 1979 Volcker Shock Paul Volcker is often credited with stopping inflation in the 1970s and ’80s by raising ...

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 ...

Central Banks are frightened—and with good reason. Global inflation is stubbornly low and growth is not accelerating. Central banks appear to have exhausted their toolkits, and there is a growing ...