Q&A: Former Federal Reserve chairman Paul Volcker '49
Jacob DonnellyThe Daily Princetonian spoke to former chairman of the Federal Reserve Paul Volcker '49 following a panel discussion in which he participated, titled "Are financial institutions too big or too big to fail?" At the panel, Volcker criticized universities like Princeton for allegedly teaching students how to cheat the financial system. The Daily Princetonian: Do you think the Federal Reserve went far enough in stabilizing the banking system? Paul Volcker ’49: No, I'm not going to answer a question like that. DP: Pretty recently, some economists have suggested that the central bankers took [the threat of] inflation too seriously. PV: I'll give you a simple answer.







