Paul Volcker

There’s no question that Federal Reserve Chair Janet Yellen is under a huge amount of pressure to determine the right time to raise interest rates following the worst U.S. recession since the Great Depression. Raising interest rates too quickly could derail the economy’s fragile...

The U.S. Federal Reserve announced on Thursday that its Board of Governors extended the deadline for financial institutions to comply with the Volcker Rule until July 21, 2017. The Volcker Rule is a section of the Dodd–Frank Wall Street Reform and Consumer Protection Act that restricts U.S. banks...

For the first time ever, the four living U.S. Federal Reserve Chairs, Janet Yellen, Ben Bernanke, Alan Greenspan and Paul Volcker, will be appearing together onstage at an event hosted by the International House. The world will be watching closely to see what these economic leaders have to say...

When Ben Bernanke succeeded Alan Greenspan as chairman of the Federal Reserve Board in February 2006, the economy seemed to growing smoothly. Unemployment was under 5 percent. Little did the former Princeton economics professor know what was to befall him. Within 18 months, it became clear a...

January 23 marked a historic event for the Federal Reserve, the monetary institution which has seen its share of historic events since the onset of the financial crisis in 2007. However, as of the week ended January 23, the Fed's balance sheet grew to $3 trillion for the first time ever, the...

Bloomberg is reporting that former Federal Reserve Chairman, Paul Volcker, is highly disappointed in the new financial regulation rule that bears his name. The “Volcker Rule” was first pitched as a way to ban banks from running private-equity and hedge funds, which would have, theoretically,...

Doug Elmendorf, the head of the Congressional Budget Office, stated today that the fiscal path of the U.S. is unsustainable and requires major intervention. Elmendorf pointed to an estimate that found that the national debt would swell from 53% of GDP to 90% of GDP by 2020 if Pres. Obama's 2011...