The former Fed chairman says the conference proposals don't go nearly far enough to accomplish what needs to be accomplished
Does financial innovation contribute to economic growth?
That became a hot debate at the Future of Finance Initiative after former Federal Reserve Board Chairman Paul Volcker chastised the largely private-sector group for the timidity of its proposals, and said the ATM was the only financial innovation he can think of that has improved society.
What follows are edited excerpts of Mr. Volcker's discussion with The Wall Street Journal's Alan Murray.
Original Article: Paul Volcker Says Financial Players Need to Think More Boldly About Reform - WSJ.com
