Named after Paul Volcker, the Federal Reserve Chairman who attacked inflation in the 1980s, the so-called "Volcker rule" aimed to restrict banks from speculative trading. The Volcker rule is named ...
Paul A. Volcker was chairman of the board of governors of the Federal Reserve System from 1979 to 1987 and was credited with a leading role in ending a period of high and rising inflation and ...
That period of stagflation only ended after former Fed Chair Paul Volcker raised interest rates to record high levels and a recession struck the U.S. economy in the early '80s. Hesser said that ...
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