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.
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, by the standards of a lot of countries, by Latin American standards, it wasn't so bad.
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
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
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