The cost of deposits has fallen but the trend may get short-circuited by a Fed that can't cut rates amid the inflationary ...

Before the 1970s currency markets were near non-existent. There was really no reason for them as currencies were concepts, or measures of value. The dollar was defined as 1/35 th of a gold ounce, and ...

The Chinese government forbids foreign ownership of a broad range of Chinese businesses, including those that run websites. Despite this, despite endless rules meant to repel foreign capital migrating ...

Paul Volcker is widely acknowledged as the premier inflation fighter in Federal Reserve history. When President Carter nominated him to be Fed Chair in July 1979, Volcker knew he faced a daunting task ...

Paul Volcker administered the tough medicine when the American economy badly needed it. It was 1980, and the inflation rate had passed 14 percent. OPEC, a cartel of foreign oil producers, had launched ...

When intelligent people are at a loss for what to do, a certain silence descends upon the room. The Federal Reserve is now ...

Earlier this month on CBS’s "60 Minutes," Federal Reserve Chairman Jerome Powell sat down for an interview with longtime correspondent Scott Pelley. While the interview was light on actionable ...

The commission investigating corruption in the United Nations Oil-for-Food program in Iraq released its findings Tuesday. Former Federal Reserve Chairman Paul Volcker, who led the investigation, talks ...

March 21 (Reuters) - Federal Reserve Chair Jerome Powell on Saturday lauded former Fed Chair Paul Volcker's "willingness to resist" political pressure as he ‌fought inflation in the 1980s, remarks ...

Gas lines and quadrupling oil prices freaked out American consumers. But the oil crises also transformed global finance. By Jeff Sommer Consensus may be a thing of the past. And that’s good. By Jason ...