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A blunt former Fed chairman takes on Bernanke, full transcript (pdf)

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Pasted below if you prefer html over pdf. *************************** The Economic Club of New York 101st Year 395th Meeting Tuesday, April 8, 2008 Grand Hyatt New York City GUEST OF HONOR THE HONORABLE PAUL A. VOLCKER Former Chairman, Federal Reserve System PRESIDING OFFICER R. GLENN HUBBARD Chairman of the Club QUESTIONERS Peter G. Peterson Former Chairman, The Economic Club of New York Senior Chairman, The Blackstone Group Edward S. Hyman Chairman, ISI Group, Inc. Introductions R. Glenn Hubbard Paul A. Volcker: Mr. Chairman, members of the Economic Club, Fellow New Yorkers, Fellow New Yorkers: That was the salutation of my last speech to the Economic Club of New York, delivered more than 30 years ago. For me, the timing was auspicious. As the ...

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