Interview: Paul Volcker on why U.S. presidents still call on the former Fed chief
Monday, October 15, 2012 - 14:00 Alex Wong/Getty Images Former Federal Reserve Board Chairman Paul Volcker at the Senate on May 9, 2012. Marketplace for Monday, October 15, 2012 Paul Volcker is the Federal Reserve chairman who served under five American presidents, helped end the gold standard under President Nixon and warned early about the mortgage crisis. He is also the man, of course, who inspired the Volcker Rule in the Dodd-Frank financial reform act. Now Volcker is the subject of a new book called "Paul Volcker: The Triumph of Persistence" by financial historian William Silber. Both Volcker and Silber both joined Marketplace host Kai Ryssdal in the studio to discuss why the former Fed chief is widely considered to be the most influential Fed chairman that's served, about the "lack of discipline in economic policymaking," and what concerns him about today's economy. Kai Ryssdal: Thanks for being here, you guys. Paul Volcker: Nice to be with you at a distance. William Silber: Nice to ...
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