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Macroeconomics 7: The Fed & Volcker's Socks

Planet Money Summer School

CHAPTER

The Power of the Central Bank

The role of the central bank has expanded a lot since it started, right? It's no longer just a bank for banks. The goal is trying to pursue full employment and stable prices. We see that play out in our next episode when we talk with one of the most famous heads of the Federal Reserve Bank ever: Paul Volker.

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