Derby’s Take: Fed Governor Explains Why Volcker Strategy Isn’t Needed Now

As aggressive as the trail for U.S. financial coverage tightening seems proper now, one Federal Reserve governor doesn’t consider the central financial institution faces a world as ugly as when it final confronted inflation this excessive.

Due to that, the Fed doesn’t must take the identical steps because it did underneath former chief Paul Volcker, when he took extraordinarily aggressive motion to kill inflation, which in flip prompted a particularly deep recession, Fed governor Christopher Waller mentioned in a public look Tuesday.

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