Economic double-header with Paul Volcker and Jim Bullard at Washington University in St. Louis
The economy and recovery from the “Great Recession” will be in the spotlight this week with two prominent speakers on campus. Paul Volcker, former chairman of the Federal Reserve Bank and current St. Louis Fed president Jim Bullard will share their views at two separate events.
Recession’s root cause is consumer debt, expert says
While consumer spending once helped keep the economy healthy, rising consumer debt is the reason it’s getting sick. The root cause of the current economic slowdown in the U.S. goes back several decades, according to an economics professor at Washington University in St. Louis.