The Latest Breaking News from Paul Volcker

Max Boot's biography of Ronald Reagan is deeply researched and informative, but it sometimes stumbles when it tries to use the past to make sense of the present.

“It could be used to boost up the legacy of one president, only to destroy the economy in the future,” said Jamie Cox, managing partner at Harris Financial Group.

Fed Chair Jerome Powell may find fighting the 'last mile' of inflation increasingly difficult, but in doing this he isn't likely to break the job market, with even more rate hikes.

The Volcker rule is a provision of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Passed by Congress and signed into law by President Barack Obama on July 21, 2010, Dodd-Frank enacted sweeping reforms over the financial industry in the aftermath of the Financial Crisis of 2007–2008, ...

According to some in the City, the UK will have to keep prices flat for the next seven years to make up for the last three. Really?

The Bank of England has increased its benchmark interest rate to 4.5% – the seventh rise since May 2022, when the base rate was just 1%. It is now at the highest level since 2008.

If the economy tanks in the months ahead, Powell will get the blame. If we avoid a recession, the politicians will claim credit.

The case in favour of rapidly falling inflation in the UK hinged on the idea that energy prices would, at some point, collapse. You’d have thought therefore that headline inflation would already be down quite some way.

Jeremy Grantham predicted the financial crisis in 2008. Now, he thinks the financial system could expect more chaos after the two banks failed in March.