Paul Volcker, former chairman of the Federal...

Paul Volcker, former chairman of the Federal Reserve Board, thinks the dollar has fallen too low and could depress overseas economies and trigger inflation in the United States. Interviewed Sunday on the ABC television program “Business World,” Volcker said too much emphasis was being put on the dollar to cut the U.S. trade deficit and not enough was being done to persuade such nations as Japan and West Germany to stimulate their economies. He also said the United States should try more forcefully to reduce its budget deficit.