Paul Volcker, Fed Chair who infuriated real estate, dies

Paul Volcker, the former head of the Federal Reserve, who fought a war against inflation and was the driving force behind a rule to stop risky bank lending after the real estate collapse in 2009, has died at age 92. Volcker was the Federal Reserve chairman in the 1980s at a time when inflation skyrocketed, forcing him to take drastic measures by raising interest rates to 22 percent. It infuriated housing developers. Most recently, Volcker

source https://therealdeal.com/2019/12/09/paul-volcker-fed-chair-who-infuriated-real-estate-dies/