Remembering former Fed chair and economic giant Paul Volcker

Paul Volcker, who served as chair of the Federal Reserve for two presidents, died Monday. His passing came 40 years after he drove interest rates to record highs in an effort to tame double-digit inflation. Known for his height and his stubbornness, Volcker remained a trusted Washington resource into the Obama administration. Economics correspondent Paul Solman remembers Volcker’s life and work.