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Automatic TRANSCRIPT

As fed chair in the early eighties Fokker elevated interest rates to historic highs causing a recession and was vilified by the public he later served as an economic adviser to president Obama and in 2009 during the Great Recession talked about the ongoing financial crisis the big economic problems behind the financial system so they're gonna take longer to work out Volcker pressed for restrictions on banks ability to trade in financial markets into invest in private equity and hedge funds those regulations became known as the Volcker rule I'm I camp in