Bloomberg/Rich Miller/3-23-2023
“History remembers Paul Volcker as the slayer of inflation, and Ben Bernanke as the crisis firefighter. Jerome Powell is in danger of having to play both roles at once — or, what may be worse, to choose between them.”
USAGOLD note: The illustration accompanying this article is telling. It shows Jerome Powell in a tug-of-war with himself – an abyss in between. There is big difference between Volcker and Bernanke. Volcker vanquished inflation. Bernanke launched it.
