This has been the most devastating time for bonds since at least 1926, and maybe in centuries. But, our columnist writes, much of the damage is already behind us.
Tag: Volcker, Paul A
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Fed Chairs Are People, Too
Economic theory alone may not explain Jerome Powell’s actions.
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Bad News From the Fed? We’ve Been Here Before.
Fed rate increases are causing pain now. But an inside look at the Volcker era shows that conditions were far worse when the Fed tried different tacks to tame inflation.
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The Fed Chair’s Challenge: Be Clear, but Not Too Certain
Talking to the former chair Ben Bernanke and others about the task ahead for Jerome Powell, the central bank’s current chief.
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Lessons From the ’80s, When Paul Volcker Reigned and Rates Were High
When inflation was soaring 40 years ago and the economy slowed, short-term investing was perilous. But people with patience and long horizons came out fine.