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 ...
Federal Reserve Chair Jerome Powell sent a clear message to financial markets this week: Interest rates will remain high until inflation goes low and stays low. Powell's message was delivered in a ...
Bank stocks surged on Thursday after financial regulators announced they would ease the financial crisis-era Volcker Rule.
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 ...
The U.S. Department of the Treasury called for public comments on potential revisions to the Volcker Rule, a provision of the Dodd–Frank Wall Street Reform and Consumer Protection Act of 2010 ...
(Bloomberg) -- Around Columbus Day, 1979, Paul Volcker, newly installed as head of the Federal Reserve, embarked on the crusade that made him a legend: a no-holds-barred campaign to beat back ...
On a snowy winter afternoon back in 2013, I trudged up to the Federal Deposit Insurance Corp. headquarters on 17th Street in Washington to be among the first to behold the Volcker Rule, one of the ...
Former Federal Reserve Chairman Paul Volcker ’49 donated his public service papers to the University on Sept. 11, according to University Archivist and Curator of Public Policy PapersDaniel Linke. The ...
The Volcker Rule, which will limit the way in which banks can conduct risky trading operations using federally insured funds, is due to be adopted today. Is this a step in the right direction on ...
Two episodes from Paul Volcker’s long career in public service stand out as lessons for the Trump administration today. In 1971, Volcker helped end the postwar global financial order that was anchored ...
A version of this story appears in CNN’s What Matters newsletter. To get it in your inbox, sign up for free here. The rich but largely forgotten history of people protesting high interest rates at the ...
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