Volcker Archive

Re: Mainstream sounding off on inflation

[Skip to the end] (an email exchange) On Thu, Jun 26, 2008 at 2:25 PM, Tom wrote: > > >   Where’s Bernanke’s Inner Volcker? by Larry Kudlow (NRO) On the day after an unusually important Fed policy meeting both gold and stocks severely rebuked the central bank’s decision to take no ...Read More

Re: Mishkin signal?

[Skip to the end] (an email exchange) > >   On Tue, Jun 10, 2008 at 8:12 AM, anonymous wrote: > >   Fisher’s remark induces one to wonder if Ambrose Evans-Pritchard is >   correct in stating that Fed policy is now being concocted from Dallas. > >   The recent spate of criticism ...Read More

Changing Tides

I’ve been thinking that when the Fed turns its attention to inflation it will find itself way behind that curve, which it is by any mainstream standard, and that the curve then gets negative from a year or two out as markets anticipate rate hikes followed by falling inflation and rate cuts. ...Read More

WSJ: Taul Paul chimes in

The FOMC take this very seriously: Volcker’s Demarche On the dollar, Mr. Volcker’s blunt talk of crisis is a welcome tonic to the devaluationist consensus that now dominates Washington. The world has been staging a run on the greenback, with damaging results if it continues. Mr. Volcker noted that when “concerns about ...Read More