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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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  • Nancy Teeters dies at 84; first woman on Federal Reserve board

    Nancy Teeters dies at 84; first woman on Federal Reserve board
    Nancy Teeters, who in 1978 became the first woman on the Federal Reserve board of governors, then continued to stand out by opposing Fed Chairman Paul Volcker's anti-inflation campaign, has died. She was 84.
  • Five myths about Obama's closest aide

    Five myths about Obama's closest aide
    Valerie Jarrett is the most talked-about White House aide in Washington — and that's not always a good thing. Jarrett has come under attack after the midterm elections, with critics charging that she wields too much influence over her boss. Part of...

    Studio 54 -- the era, the memories, return

    "AMERICA IS the only country that went from barbarism to decadence without civilization in between." -- Oscar Wilde SPEAKING OF decadence, that word has been used and overused, but perhaps not without cause in the fabulous 1970s. From 1973 to 1983,...

    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, as his rival Sheila Kuehl, a former state lawmaker, in their campaign to succeed retiring Supervisor Zev Yaroslavsky in the Nov. 4 election....

    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...