Paul Volcker, His Shock, Rule, and a New Bretton-Woods

December 12, 2019

Paul Volcker was Chair of the Federal Reserve from 1979 to 1987. In 1980, the Volcker Shock raised the fed funds rate to its highest point in history to end double-digit inflation. In 2015, the Volcker Rule prohibited banks from using customer deposits to trade for their own profit.

https://www.thebalance.com/who-is-paul-volcker-3306157

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