Johns Hopkins political scientist Nicolas Jabko explains how prevailing political forces threaten to disrupt the nation's money supply and the global economy

For decades, the Federal Reserve has managed America’s interest rates free from the kind of political pressure that can ramp up inflation and drive economies into a recession. That successful run could come to an abrupt end if President Trump successfully ousts Lisa Cook, a Fed governor.

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, died Sunday in New York. He was 92. Paul Volcker ...

Both Sen. Hubert Humphrey and Rep. Augustus Hawkins were raised in religious families. Yet when drafting their Full Employment and Balanced Growth Act in 1977, they forgot to apply Jesus’

The Federal Reserve, created in 1913, is America’s central bank. Its core tasks are threefold: keep prices stable, promote maximum employment, and safeguard the financial system. Its most powerful tool is setting interest rates — raising them to cool inflation or cutting them to spur growth.

For those who don't remember, Paul Volcker was the legendary chairman of the Federal Reserve Board who single-handedly saved the United States from runaway inflation at the end of the Jimmy Carter presidency in the late 1970s. Volcker's memoir "Keeping At ...

The most interesting part of the afternoon ceremony, which has been posted on YouTube, was what former Fed chairmen Paul Volcker (1979-1987) and Alan Greenspan (1987-2006) and current Chairman Ben Bernanke (2006-present) had to say about each other.

Since returning to the White House, Donald Trump has targeted the independence of the Federal Reserve. The institution has been at the heart of constant tension between the need for a strong monetary authority and the wishes of successive presidents,

Paul A. Volcker ’49, the former Chairman of the Federal Reserve, died last month at the age of 92. Volcker served under Presidents Jimmy Carter and Ronald Reagan, and led the effort to suppress inflation throughout the late 1970s and early 1980s.