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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
  • 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...
  • Reel Critics: 'Money for Nothing' worth the price

    Reel Critics: 'Money for Nothing' worth the price
    Only a documentary about the Federal Reserve could have the real luminaries of the system as the stars of the film. Alan Greenspan, Ben Bernanke, Paul Volcker and a host of Treasury officials appear as themselves in "Money for Nothing: Inside the...
  • 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...
  • 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...
  • Alan Greenspan praises Fed chair nominee Janet Yellen as 'very bright'

    Alan Greenspan praises Fed chair nominee Janet Yellen as 'very bright'
    WASHINGTON -- Former Federal Reserve Chairman Alan Greenspan on Wednesday praised Janet L. Yellen, President Obama's nominee to be the next central bank chief, calling her "very bright" and saying he often would go to her to explain academic economics...
  • 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....
  • 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...
  • 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....