Volcker Says Trump Changes to Volcker Rule Won’t Erode Principle
- Former Fed chairman isn’t worried about Treasury plans
- ‘If they can do it in a more efficient way, God bless them’
Volcker Says Fed Shouldn't Rely on a Rule to Set Policy
This article is for subscribers only.
Paul Volcker said he isn’t worried that the Trump administration will undermine the financial rule that bears his name.
“If they can do it in a more efficient way, God bless them,” the former Federal Reserve chairman said in a phone interview about proposed revisions to the regulation. “The basic principle remains valid. I hope that won’t go away, and I expect that it won’t.”