Paul Wiseman and Christopher Rugaber, the Associated Press

Coronavirus poses tough challenge for economic policymakers

The fast-moving coronavirus isn’t just confounding health officials. It’s also bedevilling policymakers and central bankers who are struggling to assess the economic damage from an outbreak that’s reached 37 countries and territories, infected 80,000 people and killed 2,700 worldwide. They don’t know where or how fast the virus will spread. They can’t draw on clear […]

February 27, 2020 December 13, 2020
08:20

Ex-Fed Chair Volcker dies, tamed inflation with recession

Paul Volcker, who as Federal Reserve chairman in the early 1980s elevated interest rates to historic highs and triggered a recession as the price of quashing double-digit inflation, has died, according to his office. He was 92. Volcker took charge of the Fed in August 1979, when the U.S. economy was in the grip of […]

December 10, 2019 December 13, 2020
09:37