Charlie Rose Season 21 Episode 189 Paul Volcker; Chris Dodd, Barney Frank and Robert Kaiser

On season 21 episode 189 of Charlie Rose, the renowned journalist and talk show host welcomes a panel of political heavyweights to discuss the legacy of former Federal Reserve Chairman Paul Volcker. Joining him are Chris Dodd, former United States Senator and CEO of the Motion Picture Association of America, Barney Frank, former Congressman who co-sponsored the Dodd-Frank Act, and Robert Kaiser, journalist and author of "Act of Congress."

Throughout the episode, Rose leads a lively discussion that covers everything from Volcker's storied career in public service to his impact on modern-day economic policies. The panelists discuss Volcker's tenure as chairman of the Federal Reserve from 1979 to 1987 and his role in taming inflation in the United States during that time. They also touch on his work as an economic advisor to both Democratic and Republican administrations and his ongoing efforts to promote sound monetary policy.

The conversation then turns to the legacy of Volcker's most famous initiative, the Volcker Rule, which prohibits banks from engaging in certain kinds of speculative trading and was enacted as part of the Dodd-Frank Act. Dodd and Frank discuss the origins of the rule and its importance in safeguarding the financial system against the type of excesses that led to the 2008 financial crisis.

Kaiser rounds out the discussion with his insights into the broader political context in which Volcker's career unfolded. He traces the history of modern economic policy, from its roots in the New Deal to the contentious debates surrounding the Reagan Revolution and beyond. Throughout his analysis, he highlights the role that Volcker played in shaping the economic landscape of the United States and the world.

Overall, the episode serves as both a tribute to Paul Volcker's legacy and a thoughtful exploration of the complexities of economic policy and politics. With a panel of such distinguished guests, viewers can expect a rich and informative discussion that sheds light on some of the most pressing issues of our time.