The impact of Fed policy on the global financial system is yet another feature of the COVID-19 pandemic that caught investors off guard.
“This is a time of testing -- a testing not only of our capacity collectively to reach coherent and intelligent policies, but to stick with them.” -- Paul Volcker
“The first lesson is that central banks can and should take responsibility for delivering low and stable inflation,”
Paul Volcker considers the state of banking today in an interview with Exile on Wall Street author Mike Mayo, CFA.
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