Volcker: Promoting inflation is not a responsible policy

09/19/2011 | New York Times (tiered subscription model), The

Price stability is key to a strong economy, writes Paul Volcker, former Federal Reserve chairman, in a column that criticizes emerging sentiment that the Fed should promote a little inflation to stimulate growth. "What we know, or should know, from the past is that once inflation becomes anticipated and ingrained -- as it eventually would -- then the stimulating effects are lost," Volcker writes.

View Full Article in:

New York Times (tiered subscription model), The

Published in Brief: