For Immediate Release: December 9, 2019
Contact: [email protected]
Statement from President Clinton and Secretary Clinton on the Passing of Paul Volcker
Hillary and I mourn the passing of Paul Volcker, an extraordinary public servant whose intelligence, integrity, and independence as Chairman of the Federal Reserve helped break the back of inflation and stabilize America’s economy in the late ’70s and early ’80s. His decisions were based on data, not dogma, and once he reached them he had the determination to see them through, no matter how unpopular they might be in the short term. We should all be grateful for the legacy he left as Chairman of the Federal Reserve, his work with President Obama to avert depression, and his leadership in obtaining overdue financial justice for the families of Holocaust victims. Our thoughts and prayers are with his family.