By the time I became chairman and there was more of a feeling of urgency, there was a willingness to accept more forceful measures to try to deal with the inflation.
More Quotes from 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
Well, I started out in the Federal Reserve as a young economist and spent about five years in the Federal Reserve Bank of New York.
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
What's the subject of life - to get rich? All of those fellows out there getting rich could be dancing around the real subject of life.
Paul A. Volcker
It was the biggest inflation and the most sustained inflation that the United States had ever had.
Paul A. Volcker
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