Latest Paul Volcker News

Ex-Fed Chair Volcker dies, tamed inflation with recession

Dec. 9, 2019 12:49 PM EST

Paul Volcker, who as Federal Reserve chairman in the early 1980s elevated interest rates to historic highs and triggered a recession as the price of quashing double-digit inflation, has died, according to his office. He was 92. Volcker took charge of the Fed in August 1979, when the U.S. economy was in the grip...

Former Federal Reserve Chairman Paul Volcker who fought runaway inflation in the 1980s has died.

Dec. 9, 2019 9:31 AM EST
WASHINGTON (AP) — Former Federal Reserve Chairman Paul Volcker who fought runaway inflation in the 1980s has died.