On Sunday, Dec. 8, 2019, Paul A. Volcker, chairman of the Federal Reserve under Presidents Jimmy Carter and Ronald Reagan, died at the age of 92. The Council's Michael H. Moskow, a former president and CEO of the Federal Reserve Bank of Chicago, shares his insights on why Volcker was critical in breaking the back of inflation in the 1970s and 1980s, as well as how the towering figure extended his work and integrity to public service well beyond monetary policy.
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