Paul Volcker
International Council Member, Belfer Center for Science and International Affairs
(AP Photo/Richard Drew)
September 19, 2011
"A Little Inflation Can Be a Dangerous Thing"
Op-Ed, New York Times
By Paul Volcker, International Council Member, Belfer Center for Science and International Affairs
"IN all the commentary about Ben S. Bernanke’s recent speech in Jackson Hole, Wyo., little attention has been paid to six crucial words: in a context of price stability." writes Paul Volcker, former chairman of the Federal Reserve and member of the Belfer Center's International Council. "Those words concluded a discussion by Mr. Bernanke, the Federal Reserve chairman, of what tools the central bank could consider appropriate to promote a stronger economic recovery."
AP Photo
October 14, 2008
Paul Volcker: Bailout “Distasteful” but Necessary
News
By Paul Volcker, International Council Member, Belfer Center for Science and International Affairs
Paul Volcker, speaking at a lecture in Singapore, said the U.S. economy faces a "considerable recession."
(AP Photo/Richard Drew)
September 19, 2011
"A Little Inflation Can Be a Dangerous Thing"
Op-Ed, New York Times
By Paul Volcker, International Council Member, Belfer Center for Science and International Affairs
"IN all the commentary about Ben S. Bernanke’s recent speech in Jackson Hole, Wyo., little attention has been paid to six crucial words: in a context of price stability." writes Paul Volcker, former chairman of the Federal Reserve and member of the Belfer Center's International Council. "Those words concluded a discussion by Mr. Bernanke, the Federal Reserve chairman, of what tools the central bank could consider appropriate to promote a stronger economic recovery."
AP Photo
January 31, 2010
"How to Reform Our Financial System"
Op-Ed, New York Times
By Paul Volcker, International Council Member, Belfer Center for Science and International Affairs
"What we do need is protection against the outliers. There are a limited number of investment banks (or perhaps insurance companies or other firms) the failure of which would be so disturbing as to raise concern about a broader market disruption. In such cases, authority by a relevant supervisory agency to limit their capital and leverage would be important, as the president has proposed."
AP Photo
October 14, 2008
Paul Volcker: Bailout “Distasteful” but Necessary
News
By Paul Volcker, International Council Member, Belfer Center for Science and International Affairs
Paul Volcker, speaking at a lecture in Singapore, said the U.S. economy faces a "considerable recession."
AP Photo
October 10, 2008
"We have the tools to manage the crisis"
Op-Ed, Wall Street Journal
By Paul Volcker, International Council Member, Belfer Center for Science and International Affairs
Fortunately, there is also good reason to believe that the means are now available to turn the tide. Financial authorities, in the United States and elsewhere, are now in a position to take needed and convincing action to stabilize markets and to restore trust.
AP Photo
October 14, 2008
Paul Volcker: Bailout “Distasteful” but Necessary
News
By Paul Volcker, International Council Member, Belfer Center for Science and International Affairs
Paul Volcker, speaking at a lecture in Singapore, said the U.S. economy faces a "considerable recession."
