Updated April 29
Biden-Powell duo seeks to define an era as Reagan-Volcker did
Forty years after Ronald Reagan and Paul Volcker oversaw a root-and-branch restructuring of the U.S. economy, President Biden and Jerome Powell are trying to do the same – only in reverse.
By Rich MillerBloomberg
Share
One World Trade Center and the lower Manhattan skyline along the waterfront in Jersey City, N.J., on April 5. Michael Nagle/Bloomberg
Forty years ago, President Ronald Reagan and Federal Reserve Chairman Paul Volcker oversaw a root-and-branch restructuring of the U.S. economy.
Today, Joe Biden and Jerome Powell are trying to do the same thing – only in reverse.