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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
  • 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...
  • 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"...
  • 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...
  • 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...
  • Local Jewish Community Stunned by Holocaust Shooting

    Local Jewish Community Stunned by Holocaust Shooting
    President Obama is calling the shooting an "outrageous act," that he says, reminds us that we all we need to be vigilant against hate crimes. It's a deadly act that hits so close to home for those in the Jewish community in Seattle. "We all hit the...
  • Volcker: Time to curb big banks' high-risk trading

     
    Former Federal Reserve Chairman Paul Volcker today reiterated his call for the government to restrict the nation???s mega-banks from risky trading activities with their own capital. That idea is bound to aggravate the banks, which can profit mightily by...