Paul Volcker, an American economist and former Chairman of the Federal Reserve under Presidents Jimmy Carter and Ronald Reagan, is currently chairman of the newly formed Economic Recovery Advisory Board under President Barack Obama.
On Friday he said that the global economy may be deteriorating even faster than it did during the Great Depression and made the frank admission that, "you know, even the experts don't quite know what is going on".
See his speech here.
On Friday he said that the global economy may be deteriorating even faster than it did during the Great Depression and made the frank admission that, "you know, even the experts don't quite know what is going on".
See his speech here.
