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PAUL VOLCKER’S legend is almost as grand and imposing as his physical personage, all six feet and seven inches of it. In 1979 President Jimmy Carter chose him to run the Federal Reserve and tackle America’s high inflation. Mr Volcker acted with grim determination, tightening monetary policy even as the economy sank into deep recession […]
The former Fed chairman’s approach to monetary policy is still influential
Paul Volcker’s 6-foot-7-inch frame was draped over a chaise longue when I spoke with him recently in his Upper East Side apartment, in Manhattan. He is in his 91st year and very ill, and he tires easily. But his voice is still gruff, and his brain is still sharp. We talked about his forthcoming memoir, […]
