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Paul Volcker helped shape an independent Federal Reserve – a vital legacy that's under threat

  • Written by Michael Klein, Professor of International Economic Affairs at The Fletcher School, Tufts University
Paul Volcker helped shape an independent Federal Reserve – a vital legacy that's under threatPaul Volcker was a courageous central banker.AP Photo/J. Scott Applewhite

Paul Volcker, who died on Dec. 8, is the poster boy for central bank independence and why it matters.

One of his legacies, as you may have read in the many obituariespublished since his death, is taming the runaway inflation that posed an existential threat to the U.S....

Read more: Paul Volcker helped shape an independent Federal Reserve – a vital legacy that's under threat

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