Can Rajan like Volcker did, bring inflation under control by raising interest rates? Or can he just keep sending signals to the government by raising interest rates to get its house in order, so that inflation can be brought under control? #RBI#Interest rates#US Fed#Raghuram Rajan#Paul Volcker
It is unclear if regulators will seek CEO imprisonment or hefty fines as potential penalties for violating the Volcker rule. Whatever regulators might put in place, fines would be a far more likely punishment if any are ever doled out, banking lawyers said.
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In the spring of 1983, as a cap and gown-wearing Tim Geithner was graduating from Dartmouth College, the commencement speaker was Paul Volcker, who was chairman of the Federal Reserve and was under intense public scrutiny for his decision to raise in... #Paul Volcker#Timothy F. Geithner#Federal Reserve