Paul Volcker on inflation, QE exit and monetary system flaws

central-banks-gbphotos-08-volcker

It took time for the Fed’s monetary policy actions under your leadership in 1979 to achieve their iconic status; what is involved with the leadership of a central bank, both to understand the issues and to bring people with you?

There was a feeling in the country that inflation was getting us by the throat, the economy was not doing very well and stagflation – the very word was invented – was getting worse. People were speculating in commodities, diamonds, gold and so forth, and there was a

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: