Paul A. Volcker Quotes

A collection of quotes by Paul A. Volcker.

Paul A. Volcker (1927-2019) was an American economist and central banker. He served as the Chairman of the Federal Reserve under Presidents Carter and Reagan from 1979 to 1987. Volcker is best known for implementing tough monetary policies to tackle high inflation, for which he hiked interest rates and reduced money supply significantly. This move, known as the "Volcker shock," contributed to short-term economic pain but eventually helped stabilize the US economy and curb inflation. Volcker's commitment to financial stability made him a revered figure in the world of economics and banking.