Paul Volcker Paul Volcker, wearing a blue sweatsuit and black dress socks, stretched out on a recliner in the den of his Upper East Side apartment on a Sunday afternoon.
"Hundreds of books surrounded Mr. Volcker - filling shelves and piled high on virtually every flat surface - as did pink pages of The Financial Times, folded into origami."Respect for government, respect for the Supreme Court, respect for the president, it's all gone," he said.
Before Mr. Volcker fell ill, he finished his memoir, "Keeping at It: The Quest for Sound Money and Good Government." The book was supposed to be published in late November, but given Mr. Volcker's health, its publisher, PublicAffairs, a unit of Hachette, moved its release up to Oct. 30.
The book, which Mr. Volcker wrote with Christine Harper, editor in chief of Bloomberg Markets, is a telling memoir about a man who not only redefined the role of Fed chairman but, after the financial crisis, conceived of a namesake rule that eliminated some of the most blatant risk-taking by Wall Street banks.
Mr. Volcker recounts being summoned to meet with President Ronald Reagan and his chief of staff, James Baker, in the president's library next to the Oval Office in 1984.
Three years later, Mr. Volcker wrote in his book, the president would pressure him not to raise interest rates.
Mr. Volcker is no great fan of the president, but he acknowledged that Mr. Trump had cannily recognized the economic worries of blue-collar workers.
https://www.msn.com/en-gb/money/news/paul-volcker-at-91-sees-%e2%80%98a-hell-of-a-mess-in-every-direction%e2%80%99/ar-BBON7ix?li=AA54rU
"Hundreds of books surrounded Mr. Volcker - filling shelves and piled high on virtually every flat surface - as did pink pages of The Financial Times, folded into origami."Respect for government, respect for the Supreme Court, respect for the president, it's all gone," he said.
Before Mr. Volcker fell ill, he finished his memoir, "Keeping at It: The Quest for Sound Money and Good Government." The book was supposed to be published in late November, but given Mr. Volcker's health, its publisher, PublicAffairs, a unit of Hachette, moved its release up to Oct. 30.
The book, which Mr. Volcker wrote with Christine Harper, editor in chief of Bloomberg Markets, is a telling memoir about a man who not only redefined the role of Fed chairman but, after the financial crisis, conceived of a namesake rule that eliminated some of the most blatant risk-taking by Wall Street banks.
Mr. Volcker recounts being summoned to meet with President Ronald Reagan and his chief of staff, James Baker, in the president's library next to the Oval Office in 1984.
Three years later, Mr. Volcker wrote in his book, the president would pressure him not to raise interest rates.
Mr. Volcker is no great fan of the president, but he acknowledged that Mr. Trump had cannily recognized the economic worries of blue-collar workers.
https://www.msn.com/en-gb/money/news/paul-volcker-at-91-sees-%e2%80%98a-hell-of-a-mess-in-every-direction%e2%80%99/ar-BBON7ix?li=AA54rU
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