from CNBC
Paul Volcker, the Carter-Reagan Fed Chairman Who Beat Inflation, Dies at Age 92
By Marty Steinberg, December 9, 2019
Key Points:
- As Fed chief under Presidents Carter and Reagan, Paul Volcker helped tame inflation, but with 20% interest rates that also crunched the economy.
- “Volcker set the table for the long economic expansions of the 1980s and 1990s,” former St. Louis Fed President William Poole said in a 2005 tribute.
- After the Great Recession, Volcker inspired a namesake regulation, the Volcker rule, which sought to rein in commercial banks by prohibiting them from making risky investments in hedge funds and private equity firms.
more at: https://www.cnbc.com/2019/12/09/paul-volcker-the-carter-reagan-fed-chairman-who-beat-inflation-dies-at-92.html
= = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = =
See also:
No comments:
Post a Comment