Jerome Powell's Volcker deficit
NEW HAVEN — Poor Jerome Powell. With US inflation close to a 40-year high, the Federal Reserve (Fed) chair knows what he needs to do. He has professed great admiration for Paul Volcker, his 1980s-era predecessor, as a role model. But, to paraphrase US Senator Lloyd Bentsen’s famous 1988 quip about his vice presidential rival, Senator Dan Quayle, I knew Paul Volcker very
Source: jordantimes.com