Volcker lambasts higher inflation targets

paulvolcker

Paul Volcker, a former chairman of the Federal Reserve and the architect of the eponymous rule which forms part of US President Barack Obama's financial reform proposals, on Monday rubbished the suggestion that inflation targets should be raised to give policymakers room for manoeuvre.

In an interview with Frankfurter Allgemeine Zeitung, a German daily, Volcker said the notion of raising inflation targets was "simply nonsense," pointing to his struggle in the 1980s as Fed chairman at a time when

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: