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Paul Volcker, the towering former Fed chairman and economist, has died at age 92

Paul Volcker, the towering former Fed chairman and economist, has died at age 92
Ed Bailey/AP



Former Federal Reserve Chairman Paul Volcker has died at age 92.




Volcker served as Fed chair from 1979 until 1987, helping to reign in persistently high inflation and reset the economy from the 1970s.




After his time as Fed chair, Volcker continued to serve in various capacities including as a critical advisor to President Barack Obama during the financial crisis.




Volcker is survived by his wife and two children.




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Paul Volcker, the 12th Chairman of the Federal Reserve and a legendary economist, died Sunday at the age of 92.
He is survived by his wife Anke Dening and two children, Janice and James.
Volcker was known as a towering Fed chairman — both for his impressive height (he stood 6 feet 7 inches) and also for confronting difficult economic circumstances with which he was faced.
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