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Tough Calls: Lessons from Volcker, inflation, and the Fed’s crossroads
Jan 16, 2025“The standard of living of the average American has to decline,” he said. “I don’t think you can escape that.” These were the words of Federal Reserve Chairman Paul Volcker as he testified before Congress in October 1979. Inflation was 13%. Volcker’s predecessors, Arthur Burns and William Miller, had failed to control prices. Stagflation gripped the United States. We were in an economic death spiral.
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The Midwest housing market revival, charted
Jan 09, 2025 -
Tight inventory is challenging Illinois’ ‘steady Eddie’ housing market
Jan 09, 2025 -
Mortgage applications continue to descend after the holidays
Jan 08, 2025 -
Housing inventory is down everywhere except in pandemic hotspots. Here’s why.
Dec 19, 2024 -
New Hampshire’s hot housing market has the state in crisis mode
Dec 19, 2024 -
How has Tampa’s housing market fared since Hurricane Milton?
Dec 17, 2024 -
What rising inventory means for the 2025 housing market
Dec 16, 2024 -
Cincinnati’s housing market in a word? Unpredictable
Dec 10, 2024 -
Realtor.com’s top housing markets for 2025 are in the South and West
Dec 10, 2024
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