Secura/Isaac Group Chairman Bill Isaac joined Schwab Network’s “Market on Close” to give his perspective on the Federal Reserve’s announcement yesterday that it would keep its key interest rate unchanged heading into 2024.
President Carter appointed Bill to the FDIC board of directors in 1978 and President Regan named him Chairman two years later, where he remained until the end of 1985 during one of the worst banking crises in U.S. history – some 3,000 banks and thrifts failed during that period including many of the largest in the nation. He worked very closely with the late Paul Volcker, the Chairman of the Federal Reserve.