Fed Chair Jerome Powell—Haunted By The Ghost Of Paul Volcker—Could Tank The Economy

https://www.forbes.com/sites/jonathanponciano/2022/11/02/fed-chair-jerome-powell-haunted-by-the-ghost-of-paul-volcker-could-tank-the-economy/
Economists increasingly fear the Fed is now pushing the U.S.—and world–into a deeper than needed recession, risking millions of jobs and market stability. During Volcker’s reign, unemployment stayed above 10% for nine straight months and the mortgage rate hit nearly 17%. S ome months after Jerome Powell became Federal Reserve Chair in early 2018, the…