Paul Volcker: the banking ace who crushed inflation

Paul Volcker, who died last week aged 92, was an inspirational figure whose controversial policies helped inaugurate the modern era.

If anyone came to epitomise the power of the independent central banker before the phenomenon became fashionable it was Paul Volcker, the former Federal Reserve chairman who has died aged 92, says the Financial Times. "A towering figure in every sense" he stood at 6ft 7in Volker helped shape American policy for six decades, serving under multiple US presidents, from John F. Kennedy to Barack Obama. Appointed to chair the Fed by Jimmy Carter in 1979, his defining achievement was vanquishing "the scourge of inflation that ravaged America's prestige and power in the 1970s and early 1980s".

An inspirational figure

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Jane writes profiles for MoneyWeek and is city editor of The Week. A former British Society of Magazine Editors editor of the year, she cut her teeth in journalism editing The Daily Telegraph’s Letters page and writing gossip for the London Evening Standard – while contributing to a kaleidoscopic range of business magazines including Personnel Today, Edge, Microscope, Computing, PC Business World, and Business & Finance.

She has edited corporate publications for accountants BDO, business psychologists YSC Consulting, and the law firm Stephenson Harwood – also enjoying a stint as a researcher for the due diligence department of a global risk advisory firm.

Her sole book to date, Stay or Go? (2016), rehearsed the arguments on both sides of the EU referendum.

She lives in north London, has a degree in modern history from Trinity College, Oxford, and is currently learning to play the drums.