![]() ![]() For me, he serves as a reminder of our collective duty as finance professionals to ensure that the financial economy is connected to the real economy.īelow is a transcript of one of our talks on the banking industry. Though it is perhaps more accurate to say he has tolerated my presence and my incessant questions - even as he waited for the bus to work. I have had the good fortune of getting to know Volcker personally over the years. He doubled interest rates to put the squeeze on runaway inflation, thus laying the foundation for the last four decades of price stability - talk about civic duty and toughness! ![]() After all, this is the man who stared down the stagflation of the late 1970s and ushered in the so-called Volcker recession. ![]() Few public servants over the last several generations can rival Volcker’s breadth of experience or knowledge. In his recent memoir, Keeping At It, Paul Volcker gave me greater perspective on the trials and tribulations of leading the US Federal Reserve and pursuing public policy. Posted In: Economics, History & Geopolitics, Risk Management, Standards, Ethics & Regulations (SER) ![]()
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