Volcker: The Triumph of Persistence
By William Silber, Marcus Nadler Professorship in Finance and Economics and Director, L. Glucksman Institute for Research in Securities Markets
... it was only Volcker's toughness on monetary policy that "forced Reagan to be Reagan" and to rein in America's deficit.
Noted scholar and finance expert Silber draws on hours of candid personal interviews and complete access to Volcker's personal papers to render dramatic behind-the-scenes accounts from Volcker's career at the Treasury Department and the Federal Reserve: secret negotiations with European ministers; confrontations with the White House; crisis conferences with Wall Street titans, and even tense boardroom rebellions within the Fed itself. Filled with frank commentary from Volcker himself-including why he was personally irked with the "Volcker Rule" label-this will be the definitive account of Volcker's indispensable role in American economic history.