![]() During that time, he almost single-handedly pulled the nation back from a near-Weimar-scale financial collapse. Treasury and the Chase Manhattan Bank, with a particular focus on monetary affairs.įew Americans had heard of Volcker until he was nominated, in 1979, to be chairman of the Federal Reserve Board by President Jimmy Carter, a post he held for the next eight years. For the next 20 years, his career cycled between the U.S. After graduating from Princeton in 1949, he studied economics at Harvard and then in London, where he focused on the operations of the Bank of England. Keeping at It, written with Christine Harper, an editor at Bloomberg, is primarily the chronicle of Paul Volcker’s public life, which was spent in the thin air of global finance. ![]() ![]() In our conversation, he assailed the “greed and grasping” of the banks and corporate leadership, and the gross skewing of income distribution in America. Volcker is not a vain man, but he knows that his public life was consequential, and he wants posterity to get it right. We talked about his forthcoming memoir, Keeping at It: The Quest for Sound Money and Good Government-about why he wrote the book and the lessons he hopes to impart. But his voice is still gruff, and his brain is still sharp. He is in his 91st year and very ill, and he tires easily. Paul Volcker’s 6-foot-7-inch frame was draped over a chaise longue when I spoke with him recently in his Upper East Side apartment, in Manhattan. ![]()
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