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

As aggressive as the path of US monetary policy tightening seems right now, one Federal Reserve governor doesn’t believe the central bank faces a world as ugly as it did when it last faced such high inflation.

For this reason, the Fed does not need to take the same action as under former leader Paul Volcker, when he took extremely aggressive measures to kill inflation, which in turn caused an extremely deep recession. , Fed Governor Christopher Waller said in a public appearance on Tuesday.


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