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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 23-33
  • 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......
  • Ben Bernanke defends Fed actions and downplays concerns about inflation at first news conference [Updated]

     
    At a historic news conference Wednesday, Federal Reserve Chairman Ben S. Bernanke defended the central bank's unprecedented and controversial actions to stabilize and revive the economy and tried to deflect concerns that inflation could derail the...
  • White House says the war is working – the war on drugs

     
    The White House is asking for over $26 billion in 2012 to fight illegal drug use, world leaders say it won't help...
  • The war on 'the war on drugs' [The conversation]

     
    With the 40th anniversary of President Richard Nixon's "War on Drugs" Friday, many people seem to agree that the battle against “America’s public enemy No. 1” has failed. After the Global Commission on Drug Policy released its June...
  • 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...
  • Obama: Banking bonuses 'outrageous'

     
    by Mark Silva and updated. President Barack Obama had one reaction to the story today about bonuses for banking executives benefiting from the $700-billion federal bailout already in progress. "Outrageous'' - that's the word from White House Press...