Economics
Paul Volcker, Inflation Tamer Who Set Risk Rule, Dies at 92
- Served as chairman of the Federal Reserve from 1979 to 1987
- Pushed to impose new regulations on banks after 2008 crisis
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Paul Volcker, the former Federal Reserve chairman who broke the back of U.S. inflation in the 1980s and three decades later led President Barack Obama’s bid to rein in the investment risk-taking of commercial banks, has died. He was 92.
He died Sunday at his home in New York, according to his daughter, Janice Zima.