Former Fed chief Paul Volcker dies at 92
Volcker was a sharp critic of modern banking and warned against the US's rising plutocracy
09 December 2019 - 17:56
New York — Paul Volcker, the towering former Federal Reserve chairman who tamed US inflation in the 1980s and decades later inspired tough Wall Street reforms in the wake of the global financial crisis, died on Monday at the age of 92, according to his family.
Volcker, whose daughter Janice Zima said he had been suffering from prostate cancer, was the first to bring celebrity status to the job of US central banker, serving as chair of the Federal Reserve from 1979 to 1987. As with the man who succeeded him, Alan Greenspan, Volcker could soothe or excite financial markets with just a murmur...
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