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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
  • 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......
  • 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...
  • Is it time to eliminate the penny?

    Is it time to eliminate the penny?
    Editor's note: Robert Whaples is professor of economics and chair of the Economics Department at Wake Forest University. He is the co-editor of the forthcoming, "The Handbook of Modern Economic History and The Handbook of Major Events in Economic History"...
  • PASSINGS: Beryl W. Sprinkel, Richard Hamtok Pae

    Beryl W. Sprinkel Economic advisor to Reagan Beryl W. Sprinkel, 85, who served as chairman of the Council of Economic Advisers during the Reagan administration and who helped guide the administration's response to the October 1987 stock market crash,...
  • 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...
  • Financial crisis fails to get its just due with TV talking heads

    It's hard to know where to start in dissecting the inane debate on the economic crisis that has dominated the presidential race in recent days. Commentators, particularly of the cable television variety, have probed Sarah Palin's (suspect) chops for...
  • President-elect's new team offers promise, talent, if not obvious change

    THE ISSUE: Obama's Cabinet and administration take shape. President-elect Barack Obama's picks for Cabinet posts and various other positions have not only been smart. The choices should leave the nation assured that Team Obama will be ready to hit the...
  • Two key votes to break up the megabanks

     
    Former Federal Reserve Chairman Paul Volcker has been arguing for the breakup of the biggest banks to make sure history doesn’t repeat. Current Bank of England Gov. Mervyn King now is endorsing the same idea. But the U.S. and British......