Central Banking

Speech by former Fed chairman Paul Volcker, April

SPEECH - Paul Volcker, former chairman of the Federal Reserve, gave a speech titled 'Monetary Policy Transmission: Past and Future Challenges' to a conference on 'Financial Innovation and Monetary Transmission' sponsored by the Federal Reserve Bank of New York, April 2002. In it he recalls some of the challenges he faced as Fed chairman and talks of the possibility of a world currency.

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Monetary Policy Transmission:

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