Tag Archives: Paul Volcker

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Cumberland Advisors Market Commentary – Bob Eisenbeis shares Personal Reflections of Paul Volcker

Author: Robert Eisenbeis, Ph.D., Post Date: December 24, 2019
Market Commentary - Cumberland Advisors - Paul Volcker as remembered by Robert Eisenbeis, Ph.D.

Despite Volcker’s tendency to listen to only a few close associates when it came to key policy issues, but unlike Arthur Burns, he was respectful and tolerant of staff. I was fortunate enough to have a chance five years or so ago to sit down with Paul at a Federal Reserve Bank of Chicago conference and discuss the past. Among his key attributes were his integrity, the quality of his public service, his concern for the independence of the Fed, and his commitment to break the back of inflation despite the personal and political attacks he incurred in response to his policies designed to achieve that end.

Cumberland Advisors Market Commentary – Paul Volcker

Author: David R. Kotok, Post Date: December 18, 2019
Market Commentary - Cumberland Advisors - Paul Volcker Quote (David R. Kotok)

Many have written, interviewed, and commented about the passing of Paul Volcker. We particularly like the commentary of Chris Whalen, who knew him better than many and whose  family had connections with Paul Volcker over the years. We also note our GIC colleague Catherine Mann’s remembrance. Cathy, that was an interesting haircut “back when.” At […]

Federal Reserve Independence – Under Attack Again?

Author: Robert Eisenbeis, Ph.D., Post Date: October 18, 2018
Federal Reserve - Independence

The last few days, President Trump has made inflammatory and in some instances misguided remarks as to the nature of current Fed policy, its impact on the stock market and potentially on the economy. Examples follow: “It is a correction (the decline in the stock market) that I feel is caused by the Federal Reserve.” […]