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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
  • Obama to nominate Janet Yellen to lead Federal Reserve

    WASHINGTON — President Obama will nominate Janet L. Yellen to be the next head of the Federal Reserve, the White House said Tuesday. If confirmed, the former UC Berkeley economist would become the first woman to lead the world's most powerful...
  • Big U.S. banks keeping door open to another financial crisis

    There are two ways to think about how far we've come in protecting against a repeat of the financial meltdown five years ago that plunged the world into recession. You can conclude that we've pretty much eradicated the risk of another such crisis. That'...
  • Movie review: 'Money for Nothing' a worrying look at Federal Reserve

    Movie review: 'Money for Nothing' a worrying look at Federal Reserve
    Pegged to the 2008-09 Great Recession, "Money for Nothing: Inside the Federal Reserve" is a disconcerting documentary on the central bank's influence over America's past and present economic crises. After breezing through a crash course on the Fed's...
  • Yellen gains allies for top job at Fed

    WASHINGTON — In an era of unprecedented efforts by the Federal Reserve to bolster the economy, add another first — a highly public campaign to influence the selection of the central bank's next chief. Supporters of Fed Vice Chair Janet L....
  • Wall Street Roundup: Elizabeth Warren takes on banks. Paul Volcker's lobbying.

     
    Plodding along. The economy grew in the third quarter, but not enough to provide much confidence in the current economic recovery. Warren takes on banks. Elizabeth Warren, the woman charged with setting up the new consumer regulatory agency, said in......
  • Wall Street Roundup: More Fed doubting. Is that Jon Stewart?

     
    New jobs aren't enough. 151,000 new jobs were created in October, according to new Labor Department figures, but it was not enough to move the national unemployment rate, or the markets. More Fed doubting. Despite the market's excitement about the......
  • Pimco's Bill Gross on modern finance: The 'unmistakable odor of Mammon'

     
    Pimco bond guru Bill Gross uses his monthly website column to say whatever he wants about markets, the economy and government policy, among other things. That’s the privilege you can grant yourself after you’ve built a $1.2-trillion money management...
  • The new Obama to the Chamber of Commerce: Government regulations can be your friend

     
    The Democrat begins his make-up makeover with the American business community, preparing for 2012 and the vast sum it will take to win....
  • Bernanke downplays inflation concerns tied to Middle East turmoil and Federal Reserve actions

     
    Federal Reserve Chairman Ben S. Bernanke said Tuesday that a sustained rise in prices for oil and other commodities would threaten the economic recovery, but that even with the turmoil in the Middle East he did not expect inflation problems......
  • An essential ‘Inside' look

     
    “Inside Job” (Sony Pictures Home Entertainment, DVD, $28.95; Blu-ray, $34.95) Charles Ferguson's infuriating, provocative “Inside Job” comes to home video hot on the heels of winning the Oscar for Best Documentary Feature. When...
  • Dodd-Frank overhaul not hurting Goldman yet

     
    A provision in last year’s financial reform bill that was supposed to hurt Wall Street banks does not yet appear to be hitting the firm that was viewed as its main target, Goldman Sachs Group Inc. The so-called Volcker rule......