Remembering Paul Volcker
Paul Volcker, the former Federal Reserve chairman who died this week at age 92, was an imposing public figure—in height as well as stature. He was best known for his bold moves in the U.S. war against inflation, and for his dedication to public service. But there was more to the man, as Bloomberg Markets editor Christine Harper discovered as she worked with Volcker to co-write his 2018 memoir, “Keeping At It.” Harper joins host Stephanie Flanders to share her memories and observations of Volcker’s humor, hobbies and patience. Also this week, Stephanomics explores what’s ailing India, which this year lost its title as the world’s fastest-growing major economy. Moreover, any chance of regaining that crown looks like it’s slipping away, despite the efforts of Prime Minister Narendra Modi. One reason: The gem and jewelry industry, which accounts for almost 7% of India’s economy, is suffering thanks to external forces like the U.S.-China trade war as well as a possible setback from the Indian government itself. Anirban Nag reports from Mumbai on the sector, while Flanders digs deeper into the Modi agenda with Bloomberg economist Abhishek Gupta.