CNN New Day Weekend June 4, 2024 12:36:00
Learn about how volker, the fed reserve chairman under carter, he aggressively reacted to sky high inflation in the '70s and i think he spiked interest rates from 10 to nearly 20%. but in the long run, it worked. and jerome powell is an admirer of paul volker, so what kind of i guess cues is he going to be taking from volker in terms of how much he's going to be raising the interest rates come september, october, november? >> well, it's an important historical lesson. paul volker was a dear friend and mentor of mine. and as he was to chairman powell. and hopefully it will not come to that. whe...