Paul Volcker, the Carter-Reagan Fed chairman who beat inflation, dies at age 92Marty Steinberg | @MartyCNBC1
Published 15 Mins Ago Updated 3 Mins Ago CNBC.com
*As Fed chief under Presidents Carter and Reagan, Paul Volcker helped tame inflation, but with 20% interest rates that also crunched the economy.
*"Volcker set the table for the long economic expansions of the 1980s and 1990s," former St. Louis Fed President William Poole said in a 2005 tribute.
*After the Great Recession, Volcker inspired a namesake regulation, the Volcker rule, which sought to rein in commercial banks by prohibiting them from making risky investments in hedge funds and private equity firms. ...
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