As worries surface about the Federal Reserve reining in its current stimulus, CNBC’s Christine Tan spoke exclusively with Paul Volcker, former Fed chairman, about stagflation and risky trading in the U.S.
Volcker was the last adult to serve with a sense of public duty as Fed head. He seems to be genuinely amazed at the extremes the Bernanke led Fed has ventured to date to re-stimulate demand and asset markets: “I don’t no what more stimulus the Federal Reserve could have quite frankly.” So when the next recession does confirm in North American data, the question is what magical monetary policy will come to the rescue then? Here is a direct link.
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