Paul A. Volcker quotes

Paul A. Volcker, an eminent economist, served as the Chairman of the Federal Reserve from 1979 to 1987. With a career spanning over five decades, Volcker is renowned for his strict monetary policies aimed at curbing inflation during the late 1970s and early 1980s. His resolute measures, known as the "Volcker shock," helped revive the US economy and stabilize the declining dollar. Volcker's expertise earned him immense respect and influence in the financial world. He played a pivotal role in shaping financial regulations, including the historic Volcker Rule, which restricts US banks' speculative trading activities. Throughout his life, Volcker remained committed to public service and dedicated his efforts to ensure stable economic growth.

The speed of communication, the speed of information transfer, the cheapness of communication, the ease of moving things around the world are a difference in kind as well as degree.

- Paul A. Volcker

You could not buy a house in those days without just assuming that the house was not only a place to live, but it was a good investment, because it was going to keep up with inflation or get ahead of inflation, and it was just - that was America.

- Paul A. Volcker

I am suspicious of the idea of a new paradigm, to use that word, an entirely new structure of the economy.

- Paul A. Volcker

When people begin anticipating inflation, it doesn't do you any good anymore, because any benefit of inflation comes from the fact that you do better than you thought you were going to do.

- Paul A. Volcker

It was the biggest inflation and the most sustained inflation that the United States had ever had.

- Paul A. Volcker

Less emphasis on inventories, I think, may tend to dampen business cycles, because business cycles are typically in the grasp of inventory cycles and heavy industry cycles.

- Paul A. Volcker