Word: volckerã
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...best interests of the economy at large, independent of any political influence whatsoever. Through administrations that might be victim to political pressures of all types, the Federal Reserve does what is right for the stability of our economy, be it the case of former Chairman Paul Volcker??s raising of interest rates to historically high levels in order to cut inflation in the early 1980s, or Chairman Ben Bernanke ’75’s opening up of lending windows to major investment banks during the financial crisis, despite the deep political unpopularity of such...
...governor of the Bank of England, agree that governments should mandate separation between commercial and investment banks. Volcker argues that President Obama’s “regulate the giants” approach is insufficient, since the market changes faster than regulators can keep up with it. Under Volcker??s plan, commercial banks and investment banks would still be free to flourish—just as separate companies...
...Volcker??s speech began somewhat inauspiciously, as the audience initially struggled to hear...
Following the event, Grant N. Wonders ’12 said he was pleased with Volcker??s ability to respond to a wide array of questions...
Hollyday said he was similarly impressed by Volcker??s talk...