Paul Volcker was an American economist and former chairman of the Federal Reserve from 1979 to 1987. His monetary policy decisions at the institution were widely credited with curbing the rate of inflation throughout the 80s, when expectations were that it would increase. Other notable policies by Volcker include the Volcker Rule, which prohibits banks from using customer deposits for their own profit.
Volcker died on December 8, 2019, in New York City. Before his death, he issued a "final warning for America," published as the afterword in his autobiography as well as a stand-alone piece in the Financial Times, in which he denounced President Donald Trump's ongoing criticism of the Federal Reserve.