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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

Displaying items 12-22
  • Don't retreat on the Volcker Rule

    Federal regulators are expected to give final approval this week to the so-called Volcker Rule, which bars banks from making risky investments with the insured deposits they're holding for customers. To protect against having to bail out depositors in the...
  • Regulators unveil final 'Volcker Rule' to curb bank risk-taking

    Regulators unveil final 'Volcker Rule' to curb bank risk-taking
    WASHINGTON -- Federal regulators on Tuesday unveiled the final version of a rule designed to prevent federally insured banks from engaging in risky trading of stocks and securities, moving to put in place a key regulation called for in the 2010...
  • Regulators OK Volcker rule, curbing big banks' high-risk trades

    WASHINGTON — Government regulators approved a sweeping new set of rules for the nation's biggest banks that ban them from the kind of ultra-high-risk trading that nearly collapsed the world's financial system. Despite a fierce lobbying effort to...
  • Bobby Shriver's ties that bind

    Bobby Shriver's ties that bind
    Kennedy memorabilia is scattered around Bobby Shriver's campaign headquarters. On one wall hangs a photo of a giant Robert F. Kennedy mural, on another the signed text of Sen. Edward M. Kennedy's 1980 speech to the Democratic National Convention: "To...
  • Must Shore Up State's Fiscal Foundation

    A windfall in tax receipts from last year's buoyant stock market run has created a tantalizing mirage of fiscal stability for Connecticut. Don't be fooled. Although the higher-than-expected tax receipts do indeed offer a brief respite, we shouldn't...
  • 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...
  • Reefer madness: Reform our crazy marijuana laws

    Reefer madness: Reform our crazy marijuana laws
    The militarization of the Mexican border is a new phenomenon for two nations whose militaries have traditionally been made to stay out of politics. There are constant expansions of our prisons, and further explosions of the drug-related caseloads of our...
  • New report details the six gravest threats to states' fiscal stability.

     
    The national economy might be slowly rebounding, but state governments still face serious threats to their bottom lines, including the runaway Medicaid spending, growing public pension obligations and a hobbled ability to raise new tax revenues, a new...
  • Thursday Morning Coffee: The five things you need to know this morning.

     
    Good Thursday Morning, Fellow Seekers. Well here we are again: into the final furlong before what's shaping up to be another scorcher of a July weekend. At times like this, we find ourselves wishing we lived in 1920s France and......
  • Untangling our taxes

    Untangling our taxes
    On Tax Day, the most beguiling promise an American president can make to the millions of people rushing to complete their Internal Revenue Service forms is to pursue a simpler tax code. So it wasn't surprising to hear President Obama make that pledge...
  • Regulators: Past, present, future

     
    We all live now with the consequences of massive underregulation and lack of executive and Congressional oversight of Wall Street. Two important pieces of reading: 1. The Wall Street Journal (including former Newsday reporter Tom McGinty) offered this...