carol: we talked to christine harper. volker haspaul worked for six presidents. seen us so much. he is living history. jason: tell us about the uneasy relationship between the federal reserve and the white house. christine: he was observing a meeting between fowler and martin, famous for calling the fed's job is to take away the punchbowl before the party gets started. trying toesd johnson influence the fed to prevent them from raising rates. been reappointed by reagan in 1983. in 1984, an election year, volkecker had a surprising experience. carol: you say it happens in the library? walk us through. christine: volcker remembers being asked to see the president, not in the oval office, which he thought unusual. his memory was that he just saw reagan and baker, then chief of staff. seeming ars reagan bit uncomfortable. he had been a big supporter of the fat and good about not criticizing them. -- fed and good about not criticizing them. year.t's ann election reagan says nothing. baker speaks. volcker saw baker say, the president is ordering you not to raise intere

carol: we talked to christine harper. volker instilled for this idea of serving the presidency, he worked with six presidents, obama, nick's income what reagan. he has seen us so much. he is living history. jason: specifically about the federal reserve, the excerpts go right to the heart of that on the -- at times uneasy relationship between the federal reserve and the white house. experienced.he christine: one of the stories we excerpt it was about him attending a meeting between treasury secretary henry failure martin, famous for calling the fed's job is to take away the punchbowl before the party gets started. he witnessed johnson trying to influence the fed to prevent them from raising rates. he describes that in pretty vivid detail. of aso excerpt an example meeting he went to when he was then federal reserve chairman himself in the 1980's. he had been reappointed by reagan, after carter originally appointed him. he had been 1984 was an election year and it was an election -- and he had a never described before exper

carol: wanted to the history with christine harper. ine: paul volker has -- was instilled with this sense of serving his country. he has worked for six a jfkents started with and ending with all obama including some and reagan. he has seen us so much. he is living history. jason: specifically about the federal reserve and the excerpts in the magazine go to the heart of the relationship, that sometimes uneasy relationship between the federal reserve and the white house. tell us what he experienced. christine: back in the day when he was serving the johnson administration one of the , stories is about him attending a meeting between henry fowler and chairman of the federal reserve william mcchesney martin, who is famous for calling the fed's job is to take away the punchbowl before the party gets started. president johnson am a what he witnessed in that meeting which was private and the white house was watching president johnson trying to influence the fed to prevent them from raising rates. he describes that in vivid detail. we also exce