FOR IMMEDIATE RELEASE
Rosalynn and I are deeply saddened to learn of the passing of Paul Volcker, whose economic acumen made him a giant of public service. Paul was as stubborn as he was tall, and although some of his policies as Fed chairman were politically costly, they were the right thing to do. His strong and intelligent guidance helped to curb petroleum-driven inflation, easing a strain on all Americans’ budgets. We are grateful for his service to our country. We extend our condolences to his loved ones.
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