AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Fed Chairman Paul Volker - Is That Really the Best Job?
President Carter picked Paul Volker to be chairman of the Federal Reserve Board. At this moment, Volker is running the New York Fed like a branch. But this is the top job. This is a big promotion. And sometimes too much money can cause inflation. That is not the kind of thing a president likes to hear.