Tall Paul Volcker, The Last Central Banker (Part 4)

There was every reason in the world why Paul Volcker should have been reappointed for a third-term as Fed chair in August 1987. And the fact that he wasn’t, made all the difference to the world, as well. Of course, he had vanquished the punishing double digit inflation that was raging when he took office in August 1979 and […]