Former ECB President Trichet on the Legacy of Paul Volcker

The transcript discusses Paul Volcker's significant impact on banking and monetary policy during a time of high inflation and stagflation. Volcker is portrayed as an iconic central banker and a role model, known for his courage, determination, and generosity. Despite facing challenges with executive branches, his legacy is celebrated for his contributions to the global economy.

What qualities of Paul Volcker are highlighted in the text?

What challenges did Paul Volcker face during his tenure?