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Paul Volcker

Paul Volcker
Paul A. Volcker served two terms as Federal Reserve chairman under Presidents Jimmy Carter and Ronald Reagan. While some of Volcker's policies during that time, including rapid increases in interest rates, were considered unpopular, he is credited with helping tame the United States' inflation problems of the 1970s.

Following his leadership role in the Fed, Volcker had been tapped in 2004 to research possible corruption in the United Nations Oil for Food Program. Volcker's latest appointment comes as chairman of the President's Economic Recovery Advisory Board under President-elect Barack Obama.

Born in 1927 in Cape May, N.J., Volcker earned a bachelor's degree from Princet...
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Paul A. Volcker served two terms as Federal Reserve chairman under Presidents Jimmy Carter and Ronald Reagan. While some of Volcker's policies during that time, including rapid increases in interest rates, were considered unpopular, he is credited with helping tame the United States' inflation problems of the 1970s.

Following his leadership role in the Fed, Volcker had been tapped in 2004 to research possible corruption in the United Nations Oil for Food Program. Volcker's latest appointment comes as chairman of the President's Economic Recovery Advisory Board under President-elect Barack Obama.

Born in 1927 in Cape May, N.J., Volcker earned a bachelor's degree from Princeton and a master's from the Harvard University Graduate School of Public Administration. Before leading the Federal Reserve, he served as chairman of the Federal Reserve Bank of New York.
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Top Paul Volcker Articles see all

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  • Studio 54 -- the era, the memories, return

    "AMERICA IS the only country that went from barbarism to decadence without civilization in between." -- Oscar Wilde
  • Shriver raises $1 million, Kuehl only half that in supervisors race

    Shriver raises $1 million, Kuehl only half that in supervisors race
    Former Santa Monica Mayor Bobby Shriver has raised nearly twice as much money -- a little more than $1 million -- than former state lawmaker Sheila Kuehl in the Nov. 4 election campaign to replace retiring Los Angeles County Supervisor Zev Yaroslavsky....

    Legalización de drogas podría causar más muertes: jefe de agencia ONU

    VIENA (Reuters) - Las acciones que buscan legalizar los narcóticos podrían conducir a un mayor consumo y a un aumento de las muertes, dijo el lunes el jefe de la agencia antidrogas de la ONU, desafiando la recomendación de una comisión mundial para que el...

    In L.A. County supervisor campaigns, spending is likely to soar

    In L.A. County supervisor campaigns, spending is likely to soar
    Candidates competing for two rare open seats on the Los Angeles County Board of Supervisors have raised a combined $4.6 million in advance of Tuesday's primary election, and analysts say spending will likely spiral much higher in coming months, as at...

    Paul Greenberg: Lost in the maze

    "Simplify, simplify, simplify!" --Henry David Thoreau, "Walden" If there were a single guide to all the policies foreign and domestic of our present administration, it would be: "Complicate, complicate, complicate!" That goes for everything from how...