WASHINGTON - MAY 14: Former Federal Reserve Chairman Paul Volcker testifies before the Joint ... More Economic Committee May 14, 2008 on Capitol Hill in Washington, DC. The full committee met for ...

WASHINGTON - MAY 14: Former Federal Reserve Chairman Paul Volcker testifies before the Joint ... More Economic Committee May 14, 2008 on Capitol Hill in Washington, DC. The full committee met for ...

Former Federal Reserve Chairman Paul Volcker (Diana Walker/Getty Images) The Trump administration has claimed that the shock of tariffs will soon wear off and usher in an era of American prosperity.

Previously, she was the editor of Bloomberg Markets magazine. Two episodes from Paul Volcker’s long career in public service stand out as lessons for the Trump administration today. In 1971 ...

Two episodes from Paul Volcker’s long career in public service stand out as lessons for US President Donald Trump’s administration today. In 1971, Volcker helped end the postwar global financial order ...

The safe-haven status of gold is also in focus as the precious metal’s price hits record ... The crisis was only cured after Burns’ successor, Paul Volcker, raised rates to a record 20%.

MARTÍNEZ: And how did that change? HORSLEY: Ultimately, it took another stubborn Fed chairman, Paul Volcker, to wrestle inflation under control using very high interest rates. Now, that was not ...

Nixon feared higher rates would cost him the election, which he won in a landslide. Paul Volcker was eventually appointed chair of the Fed in 1979 by President Jimmy Carter, and he pushed the Fed ...

Greenspan's predecessor, Paul Volcker, gets credit for stopping the great inflation by raising interest rates, although it resulted in a 6 percent drop in gross domestic product. When central ...

The conditions prompted then Federal Reserve Chairman Paul Volcker to implement a dramatic tightening of monetary policy in the late '70s and '80s known as the "Volcker shock." While inflation did ...