The Volcker platform is controversial. If you carefully look at the situation before and after the closure of the Volcker platform, since July last year, about nine announcements have been issued, but the time has been postponed until now.

Volcker's experience:

1949 Graduated from Princeton University, 195 1 year Master of Arts from Harvard University, 1953- 1957 Worked as an economist in the Federal Reserve Bank.

1979, when the inflation rate in the United States was as high as 13%, President Jimmy Carter appointed him as the head of the Fed system. Volcker is determined to end the long-term high inflation; Under his leadership, the Fed slowed down the rapid growth of money supply and allowed interest rates to rise.

These policies led to the worst economic recession in the United States since the Great Depression (1982- 1983). However, inflation has been strictly controlled and has remained at a low level since then.

Volcker was re-elected on 1983 for a term of four years; He continued his widely respected money supply theory and his achievements in controlling inflation. 1987 He refused a third term, then taught economics at Princeton University and became a bank investor.