FROM THE ARCHIVES // April 8th, 2008 🗞️ Former Fed Chair Paul Volcker addressed The Economic Club of New York during the 2008 global financial crisis, warning of systemic risk and the limits of modern finance. “The bright new financial system—for all its talented participants, for all its rich rewards—has failed the test of the marketplace.” 💬: Paul Volcker, Former Chairman of the Federal Reserve ➡️ Watch the full video on our YouTube channel — link in bio. — Economic Club of New York • Economic Club • New York City • Economy • Economic Growth • NYC History • Paul Volcker • Financial Crisis • Federal Reserve