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Financials

Former Fed chair Paul Volcker dies at 92 -media reports

WASHINGTON, Dec 9 (Reuters) - Paul Volcker, the towering former Federal Reserve chairman who tamed U.S. inflation in the 1980s and decades later inspired tough Wall Street reforms in the wake of the global financial crisis, died at the age of 92, according to media reports on Monday.

Volcker, who media reports said had been suffering from prostate cancer, was the first to bring celebrity status to the job of U.S. central banker, serving as chairman of the Federal Reserve from 1979 to 1987. (Reporting by Makini Brice, Daniel Trotta and Jonathan Spicer; Editing by Bill Trott and Diane Craft)

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