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Paul Adolph Volcker (born September 5, 1927) is an American economist. He was the Chairman of the Federal Reserve under United States Presidents Jimmy Carter and Ronald Reagan (from...

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  • Kaufman tells Fed, do your job
    News Source: Connecticut Post | 1 day ago
    The choice facing the country, as Kaufman writes in his book "The Road To Financial Reformation" is to patch holes in the financial system or undertake fundamental reform. And while he is fairly certain the country will continue doing the former, he
  • Financial groups' size may be limited
    News Source: Wichita Eagle | 2 days ago
    Momentum is growing in the United States and abroad to deal with the problem of financial institutions deemed "too big to fail" by breaking them up so they're not so big in the first place. "The era of the big bank is over," said Simon Johnson, a
  • Congress ponders bank size limits
    News Source: Chicago Tribune | 5 days ago
    Momentum is growing to deal with financial institutions deemed too big to fail by breaking them up so they're not so big in the first place. "The era of the big bank is over," said Simon Johnson, a professor at the Massachusetts Institute of
  • Why Niall Ferguson is still bearish
    News Source: The Globe & Mail | 5 days ago
    H arvard University financial historian Niall Ferguson has climbed to the head of the doom brigade – and the bestseller lists – with his strong views, clear prose and prescient pronouncements about the global financial crisis.
  • Congress Wants Tighter Oversight of Fed
    News Source: Asian Wall Street Journal | 8 days ago
    The Federal Reserve's strategy to fend off a barrage of attacks from Congress, largely centered on low-key diplomacy by Chairman Ben Bernanke, isn't succeeding. Many Democrats and Republicans praise Mr. Bernanke for candor and accessibility. But some
  • House panel OKs granting of bank breakup power
    News Source: Los Angeles Times | 10 days ago
    A House committee voted Wednesday to give the government extraordinary new power to break up large financial firms that pose a potential risk to the economy. The proposal by Rep. Paul Kanjorski (D-Penn.) would allow regulators to break up such big
  • Obama eyes domestic spending freeze
    News Source: Miami Herald | 15 days ago
    Senate Democrats gave President Barack Obama a warm welcome on Capitol Hill on Wednesday, even as they prepared to cut as much as $180 billion from his proposed $3.55 trillion fiscal 2010 budget. Democrats downplayed the adjustments and said that
  • Fed's response may make withdrawal tricky
    News Source: Washington Post | 16 days ago
    That will make it more difficult for the Fed to carry out its responsibilities of guiding the national economy out of a recession and withdrawing its emergency support for the economy at just the right time, say former Fed officials and others who

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