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Warning Signs of a "Volcker Moment"

Reuters Breakingviews  | Mon, Jun 14, 2021

by William R. Rhodes


Paul Volcker, the former Federal Reserve chairman who was my longtime friend and officemate, died at the end of 2019 before Covid-19 swept the planet. But as the world has struggled to cope with the economic and human damage inflicted by the pandemic, I am often reminded of Paul’s concerns that policymakers would forget the important lessons imparted during his years as the central banker who led the fight against runaway American inflation. 

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