Stock market quotes, forex, financial news, forex tools –

Sad news for world of finance: Paul Volcker died

 Breaking News
  • Swiss watch makers are in crisis Swiss watch exports in April crashed at a record pace the drop has totaled 81% compared with the same period last year. Halting production and difficulties with sales caused by...
  • The intensification of the conflict between the USA and China leads to reduction of oil prices The energy market has started the trading session rather unsuccessfully. The next round of the trade war between the States and China caused the price fall. Because of this investors...
  • Germany saves Lufthansa An air carrier Deutsche Lufthansa AG has suffered losses because of the spread of the coronavirus pandemic. It became known that the German government had not left the matter unattended...
  • Israel economy sets anti-records Israel is a recognized high-tech paradise, a stable and strong platform for business development. However, the economy of the country in the Middle East has failed to resist the consequences...
  • A car rental service Hertz went bankrupt Hertz, the largest US car rental company, has filed for bankruptcy. The company was founded already in 1918. For a hundred years, Hertz has coped with the Great Depression, the...
Sad news for world of finance: Paul Volcker died
December 09
13:00 2019

The press has reported on the death of Paul Volcker. He is known to everyone who is more or less interested in financial markets, as he was the head of the US Federal Reserve for eight years. Paul Volcker was 92 years old.

The former Fed Chief held this high position from 1979 to 1987. Being the Federal Reserve chairman, he fought against inflation. He managed to reduce the value of this indicator from 11.2% to 3.7%.

Paul Volcker led an active lifestyle until the very end; the world also knows him as the head of the special President’s Economic Recovery Advisory Board (PERAB) established by President Obama.


The material was prepared with the participation of Katya Wilson,
a leading analyst of the brokerage company UFT Group

Related Articles


No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment