Former Federal Reserve Chairman Paul Volcker ’49 will head a newly created White House advisory board tasked with helping jumpstart the economy and stabilize financial markets, President-elect Barack ...

One of his big concerns was to change the expectations, and hence the actions, of people who believed prices would continue to rise rapidly. “We are dealing with an inflationary momentum, and patterns ...

Paul Volcker, who helped shape U.S. economic policy for more than six decades, most notably by leading the Federal Reserve’s brute-force campaign to subdue inflation in the late 1970s and early ’80s, ...