Paul A. Volcker, who helped shape American economic policy for more than six decades, most notably by leading the Federal Reserve’s brute-force campaign to subdue inflation in the late 1970s and early ’80s, died on Sunday in New York. He was 92.
One of the most successful CIOs in American higher education told FOX Business’ Gerry Baker on “WSJ at Large” that rising costs will force more colleges to close their doors.
Federal Reserve officials said little about what would prompt them to resume interest-rate cuts when they signaled a pause following last month’s rate reduction.