We speak with Michael W. Klein about the legacy of Paul Volcker and the importance of an independent Federal Reserve. Michael W. Klein is the William L. Clayton Professor of International Economic Affairs at The Fletcher School, Tufts University. He served as the chief economist in the Office of International Affairs of the United States Department of the Treasury from 2010-2011. He is a research associate of the National Bureau of Economic Research, and the founder, research director, and co-executive editor of EconoFact, a website that provides economic analysis on timely policy issues. He has been a visiting scholar at the International Monetary Fund, the Board of Governors of the Federal Reserve, the Bank of England, and the Federal Reserve Banks of Boston, New York, San Francisco and Dallas. His research and teaching focus on international macroeconomics.

President Barack Obama meets with Economic Recovery Advisory Board Chair Paul Volcker in the Oval Office January 21, 2010. (Official White House Photo by Pete Souza)

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