Paul Volcker: Former US Federal Reserve chief dies aged 92

Paul Volcker: Former US Federal Reserve chief dies aged 92

Image copyright Getty Images Image caption Paul Volcker appears before Congress in 1986

Paul Volcker, the former head of the US central bank who was known for fighting inflation, has died at the age of 92.

Appointed chair of the Federal Reserve in 1979, Mr Volcker dramatically raised interest rates to combat inflation.

The move drove the US into recession, but was credited with creating the…

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