Statement from Chair Powell on the death of Paul A. Volcker

The following press release was published by the Board of Governors of the Federal Reserve System on Dec. 9, 2019. It is reproduced in full below.

I am deeply saddened by the passing of Paul Volcker. He believed there was no higher calling than public service. His life exemplified the highest ideals–integrity, courage, and a commitment to do what was best for all Americans. His contributions to the nation left a lasting legacy. My colleagues and I at the Federal Reserve mourn this loss and send our condolences to his family.

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Source: Board of Governors of the Federal Reserve System