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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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  • Fed wears a bull's-eye this year on Capitol Hill

    WASHINGTON Detractors from both major political parties are preparing legislation to rein in the powers of the Federal Reserve, moves that would test and potentially restrain its independence.
  • House Republicans push through bill easing Wall Street rules imposed after financial crisis

    Propelled by its enlarged Republican majority, the House has moved to ease a landmark law reining in banks and Wall Street, more than six years after a financial crisis brought on the Great Recession. The vote was 271-154 on legislation that advanced a...

    House GOP majority aiming to soften financial overhaul law; White House issues veto threat

    The House moved Tuesday toward approving a measure aimed at softening legislation responding to the 2008 financial crisis that put banks and Wall Street under the most sweeping rules since the Great Depression. Amid a veto threat from the White House,...

    Mortgage rates defy experts to close year below 4%, Freddie Mac says

    Mortgage rates defy experts to close year below 4%, Freddie Mac says
    Closing out a year of surprisingly low mortgage interest rates, the average rate for a conventional 30-year home loan was 3.87% this week, Freddie Mac said, up slightly from 3.83% a week ago. The home-financing giant reported that the 30-year rate...

    House rejects bid to ease bank regulations under fast-track rules

    The House Tuesday rejected legislation altering a key provision of the 2010 Dodd-Frank overhaul of financial services regulations that would give U.S. banks another two years — to 2019 — to ensure that their holdings of certain complex and...