Fed Chair Powell lauds Volcker's 'willingness to resist' - Reuters
Quick Insights
The Bottom Line
Fed Chair Powell praised former Chair Volcker's approach to fighting inflation through aggressive interest rate hikes in the 1980s.
AI Summary
Fed Chair Jerome Powell praised former Federal Reserve Chair Paul Volcker's "willingness to resist" during an economic crisis, highlighting Volcker's approach to inflation-fighting policy during his tenure in the 1980s. Volcker is widely credited with breaking the back of stagflation through aggressive interest rate hikes, a period that caused significant short-term economic pain but restored price stability. Powell's invocation of Volcker suggests he views the former chair's political courage and resolve under pressure as a relevant model for central banking leadership. The remarks reflect ongoing debates within the Federal Reserve about the balance between aggressive monetary policy and political feasibility in addressing economic challenges.
Should this be getting more attention?
You Might Have Missed
Related stories from different sources and perspectives
PoliticsDOJ investigation into Powell could backfire on Trump and keep Fed chair in office - AP News
<a href="https://news.google.com/rss/articles/CBMikgFBVV95cUxOZWd1OV9tbHpYZGtQdi1ka2hVcEZUSFVsdEhoZndDdV9sMVREckluVWhCZk1fLThrejd5eEFyTGJXdXpIRWduVW90UWJNMmFxMUF4TVRWc1N3R01qQVZhZG41WmNOQ25QSVN5eWR2Mmxha0lZXzV5TjZ5OTFELVUxQ1FaZ0ZEdTZOZGJKUF9wcllaQQ?oc=5" target="_blank">DOJ investigation into Powell could backfire on Trump and keep Fed chair in office</a> <font color="#6f6f6f">AP News</font>
FinancePowell says 'stagflation' is a 1970s term, not what we face today - Reuters
<a href="https://news.google.com/rss/articles/CBMiqwFBVV95cUxNUE5XZkptMl9kT2ZCT253SFhhNDUxNkwyUmJfd3U4bzIzcXd6WkwtVzVRS0cwbFlRUUtPUmptSi1xVElNcU1xYjBlcFFvLVNjaW45VUg0ZG5GY05ILUlTa2tDUnp6aUtxYmN5bndtd0VHMFVXQ0Z1MjQ0dlJqRE9yY1JqLUtfQ1Y4eGhqOWY5QkFobFI4S2xhemJhVXBrM01kNndhS0pzYnZnanc?oc=5" target="_blank">Powell says 'stagflation' is a 1970s term, not what we face today</a> <font color="#6f6f6f">Reuters</font>
Government TransparencyProsecutor admits government lacks evidence of misconduct by Fed chair - The Washington Post
<a href="https://news.google.com/rss/articles/CBMingFBVV95cUxPSk5DZl9uRURTSDBNMWVCelJnUjRFRHl5Q3RzSm1VYnQwcVdvU2ZheHhrNGhGcUcxVExVeVlYSHhRUjNseWNYdXpYR3pmM2g1eERzYW9sbGZSZFRxTVYxb2w1dTY4V3JRbkJ0Q0NPUHd5LU9aUEh2Qm5odmVwRzlmcFI5T0JXVC1paENlYXlZR0V2c2puei1oRHotdU1Vdw?oc=5" target="_blank">Prosecutor admits government lacks evidence of misconduct by Fed chair</a> <font color="#6f6f6f">The Washington Post</font><strong><a href="https://news.google.com/stories/CAAqNggKIjBDQklTSGpvSmMzUnZjbmt0TXpZd1NoRUtEd2o5bk56akVCSGF6LVphclFBajV5Z0FQAQ?hl=en-US&gl=US&ceid=US:en&oc=5" target="_blank">View Full Coverage on Google News</a></strong>
Government TransparencyUS NTSB probes close call in Newark between FedEx, Alaska Airlines jets - Reuters
<a href="https://news.google.com/rss/articles/CBMixgFBVV95cUxOX2ZwNGlhLVBDSS1Tdjl4ZjFacjZDSGFXTU5UMTRLckdkNHNhSVdqd2h5bW44ZlNVNWs4aTJLeFg0YXNKUHp3ajR0bDFGNG9BUFo5SVBVdzZ0T0dKMW5adVlTT1JoYWlpY3NYcU5QYTB4eTYyblk0a250aXJiN01KMGFaRnRybWxBZkZ5Sjh0T1lpSWFwQm9kbFlzTXNOcTJocHVpdDZNNmx0Qk9oSlc3SzRteG1rdVVXRi1pNTVBTVY2SWYwYVE?oc=5" target="_blank">US NTSB probes close call in Newark between FedEx, Alaska Airlines jets</a> <font color="#6f6f6f">Reuters</font>
National SecurityChina poses pressing threat, deterrence needed to avert invasion, Taiwan says - Reuters
<a href="https://news.google.com/rss/articles/CBMivAFBVV95cUxQZVd1eklieURyeGotOTZJRkhWV0J5eWF4TndFcl9RYjlYZ0JlcjV0QmtkbXFOVWRVQXRLbTRWS2FsY2xUYzJrVHpFRGcxclpZeVZGeFpDM3F6MmFWNVlGR053WHRzM2FEdERSN1YwbWRpd3V1bjk4bTVJdnNvOXFYejJ1QjY4TFZCeVVReml0RXVrS0NxMWFNTjFxQ084RGtqc1NHY0dBd1RweVdYM2Q2dllGQ3Q0WjVFNnpENQ?oc=5" target="_blank">China poses pressing threat, deterrence needed to avert invasion, Taiwan says</a> <font color="#6f6f6f">Reuters</font>
PoliticsJohn F. Kennedy Profile in Courage Award goes to ‘the people of the Twin Cities’ and Jerome Powell
This year’s John F. Kennedy Profile in Courage Award is a tie between “the people of the Twin Cities, Minnesota” and Federal Reserve Chair Jerome Powell. The prestigious annual honor has been awarded since 1989 by the Kennedy family to celebrate people demonstrating “political courage.” A bipartisan panel reviews the nominations and selects winners each…
Mysterious trading patterns follow Trump into war
<div>Data: Yahoo Finance; Chart: Erin Davis/Axios Visuals</div><p>An epidemic of suspicious trading has emerged around President Trump's <a href="https://www.axios.com/2026/03/23/trump-iran-economy-bonds" target="_blank">most consequential decisions</a> — each time, just minutes or hours before he rattles global markets, according to exchange data.</p><p><strong>Why it matters:</strong> As the <a href="https://www.axios.com/world/iran" target="_blank">Iran war</a> sends prices soaring for ordinary Americans, a select few appear to be profiting in plain sight. It's precisely the kind of alleged corruption Trump built his political career <a href="https://www.politico.com/story/2016/07/full-transcript-donald-trump-nomination-acceptance-speech-at-rnc-225974" target="_blank">railing against</a>.</p><hr><ul><li>Democrats, favored to win the House in November, already are <a href="https://democrats-financialservices.house.gov/news/documentsingle.aspx?DocumentID=415221" target="_blank">lay...
Did this story change how you see things?
Stories like this only matter when people see them. Help us get verified journalism in front of more eyes.
The Verity Ledger curates verified investigative journalism from trusted sources only.
See our sourcesMost Read This Week
Fentanyl found inside Barbies sold at Missouri discount store, police say
White House registers new ‘alien’-related .gov domains as DOD tackles Trump’s disclosure directive
Kash Patel admits under oath FBI is buying location data on Americans
US moves to soften capital rules: ‘Big banks can declare mission accomplished’
The West's historic snow drought could bring water shortages, wildfires
