Paul Volcker

President Jimmy Carter, who died at his home on Sunday at age 100, brought a political outsider status to Washington, D.C. during a period of immense distrust in government. There was the Watergate scandal, high inflation, mass protests due to the Vietnam War, high government spending and loose...

Former President Jimmy Carter died Sunday at the age of 100. While in office, Carter led the country through challenging times that included economic turmoil, the bailout of a legacy automaker and an energy crisis.   Carter — elected 39th President of the United States in 1976 — leaves...

Before the market opened on Tuesday, the Bureau of Labor Statistics reported cooler-than-expected consumer price index inflation data for October, showing that inflation is slowing down. Every time in the past, the Fed driving inflation lower has been accompanied by a recession, Federal...

Cathie Wood, the founder of ARK Investment Management, said that the prevailing U.S. monetary policy in September was significantly more restrictive than in the 1980s when, to kill inflation, former Federal Reserve Chair Paul Volcker had pushed the Fed funds rate up two-fold from 10% to...

Some of the market optimism seen in recent sessions could be traced back to hopes that the Federal Reserve could either pause or pivot. Economists at Goldman Sachs now say that the terminal rate – the peak fed funds rates at which the central bank would begin to pivot - could be...

U.S. bond markets rallied on Wednesday, with the yield on the 10-year benchmark Treasuries falling close to 4%, as expectations regarding a less aggressive Federal Reserve began growing. The greenback, too, lost steam as the dollar index fell below the 110 mark. However, Allianz...

Federal Reserve Chair Jerome Powell was among the most anticipated speakers at the Economic Symposium in Jackson Hole, Wyoming Friday. Here’s a look at what Powell said in the fight against inflation. What Happened: Powell said the Federal Reserve’s goal remains getting...

The Labor Department recently reported a 7.5% increase in the consumer price index in the month of January, the fastest inflation growth since 1982. While inflation rates at 40-year highs may seem scary at first glance, economists say today's economic situation is far different than the period...

Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On this day in 1979, Paul Volcker took over as chairman of the Federal Reserve. Where The Market Was: The Dow Jones Industrial Average closed at 848.55 and the S&P 500 traded...

Paul Volcker, former Federal Reserve chairman who curbed a decade of high inflation and tightened the reins on commercial banks after the 2008 financial collapse, died Monday at 92. Volcker got his start in the Treasury Department during the Kennedy, Johnson and Nixon administrations. There, he...

A handful of former Federal Reserve leaders deplored the central bank's current leadership to act independently and implement policies in the best interests of the economy. What Happened Former Fed leaders Paul Volcker, Alan Greenspan, Ben Bernanke and Janet Yellen wrote in a Wall Street...

Fed Chairman William McChesney Martin is a towering figure in the nation’s financial history, in part because of his long service in the role during the terms of five presidents from Truman to Nixon. But on a December day in 1965, when he was summoned to President Lyndon B. Johnson’s...

The Federal Reserve proposed Wednesday to begin loosening the Volcker Rule, a key safeguard against a repeat of the 2008 financial crisis. The rule prohibits banks with federally backed deposit insurance from making speculative market bets, conducting proprietary trading and investing in hedge...

The highlight of the economic calendar of the week is the annual Jackson Hole Economic Policy Symposium to be held on Friday and Saturday. Though the symposium as such, is not a market moving event, there is a lot of excitement generated around it, given the pedigree of the attendees and kind of...

The Dodd-Frank Act has earned the disdain of the Republicans ever since it was enacted. The collective opposition to the regulation was exemplified in President Donald Trump's statement that said the Dodd-Frank Act is a disaster. The president said he soon plans to do a "big number" on the 2010...