Michael H. Moskow on 'American Hero' Paul Volcker
Edmond J. Safra Center for Ethics
The Council's Michael H. Moskow shares his insights on why Paul A. Volcker was critical in breaking the back of inflation in the 1970s and 1980s.
On Sunday, Dec. 8, 2019, Paul A. Volcker, chairman of the Federal Reserve under Presidents Jimmy Carter and Ronald Reagan, died at the age of 92. The Council's Michael H. Moskow, a former president and CEO of the Federal Reserve Bank of Chicago, shares his insights on why Volcker was critical in breaking the back of inflation in the 1970s and 1980s, as well as how the towering figure extended his work and integrity to public service well beyond monetary policy.
About the Author
Vice Chair and Distinguished Fellow, Global Economy
Michael H. Moskow is the vice chair and distinguished fellow, global economy at the Chicago Council on Global Affairs. From 1994-2007, he served as president and chief executive officer of the Federal Reserve Bank of Chicago. In that capacity, he was a member of the Federal Open Market Committee, the Federal Reserve System's most important monetary policymaking body.