Paul Volcker, Former Federal Reserve Chairman, Dies at 92

The video discusses the significant impact of an influential economist who served under six US presidents. He played a crucial role in major economic events, including advising on the US departure from the gold standard and leading the Federal Reserve with a tough anti-inflation policy. His legacy includes shaping monetary policy, influencing the financial crisis response, and contributing to economic stability. The video also covers his resistance to deregulation and the introduction of the 'Saturday Night Special' approach to combat inflation.

What role did the Volcker Rule play in the financial crisis?

How did the approach of the Federal Reserve change after the departure of the chairman mentioned in the text?