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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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  • Volcker's look at state budgets -- including Virginia's -- finds obfuscation, poor practices

    For bankers and capital markets, Paul Volcker, chairman of the Federal Reserve Board from 1979 to 1987, is about as close to a god as there is in the world of money – so, when he leveled a blast at state budgets this week that featured a look at Virginia, Shad Plank got curious.
  • 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...

    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. Teeters died Nov. 17 at an assisted living...

    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...

    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....