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Friday, May 24, 2024

Volcker’s Tough Approach As Fed Chief Upset Many

Paul A. Volcker was reviled before he was revered. President-elect Obama named the 81-year-old Volcker yesterday to head a new economic advisory panel, citing "his sound and independent judgment." But nearly three decades ago -- when Obama was still a college student -- the towering 6-foot-7-inch...

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Paul A. Volcker was reviled before he was revered. President-elect Obama named the 81-year-old Volcker yesterday to head a new economic advisory panel, citing “his sound and independent judgment.” But nearly three decades ago — when Obama was still a college student — the towering 6-foot-7-inch…