As chairman of the Federal Reserve Board during one of the most turbulent periods in U.S. monetary history, Paul Volcker (born 1927) helped lower double-digit inflation rates in the early 1980s and ushered in an era of financial deregulation and...

Volcker Aim: Contain Inflation Federal Reserve chairman Paul A. Volcker gave strong indications Saturday that he believed a move to expand the credit supply now and lower interest rates would endanger the recovery by sparking a renewal of high inflation. Asked...

VALE, VOLCKER A COUPLE OF years ago, Mayor Edward I. Koch was asked who was responsible for pulling New York City back from the brink of bankruptcy. In one of his formerly frequent bright moments, he replied. "Well, I suppose someone has...

Documents from the oil-for-food corruption investigation will be legally transferred to the United Nations on Jan. 1 and made available to governments trying to prosecute alleged wrongdoers, the U.N. said Friday.The voluminous archive was complied by the Independent Inquiry Committee, led by former Federal Reserve...

Former Senate Majority Leader Bill Frist has withdrawn his name from consideration for World Bank president, a person familiar with the situation told The Associated Press on Monday.Frist, a Tennessee Republican, served two terms in the U.S. Senate, where he was a close ally to...