Paul Adolph Volcker Jr. (September 5, 1927 – December 8, 2019) was an American economist who served as the 12th chairman of the Federal Reserve from 1979 to 1987. During his tenure as chairman, Volcker was widely credited with having ended the high levels of inflation seen in the United States throughout the 1970s and early 1980s.
Oct 30, 2021 · Paul Volcker was Chair of the Federal Reserve from 1979 to 1987. In 1980, the Volcker Shock raised the fed funds rate to its highest point in history to end double-digit inflation. In 2015, the Volcker Rule prohibited banks from using customer deposits to trade for their profit.
Dec 08, 2019 · Paul A. Volcker became chairman of the Board of Governors of the Federal Reserve System on August 6, 1979. He was reappointed for a second term on August 6, 1983, and served until August 11, 1987. Volcker was born in 1927 in Cape May, New Jersey.
Jul 13, 2022 · When Volcker left office in August 1987, inflation was down to 3.4 percent from its peak of 9.8 percent in 1981, after the first Volcker recession failed to drive prices down.
Sep 19, 2022 · Economy; Jerome Powell’s Inflation Whisperer: Paul Volcker Aiming to reduce inflation even at the risk of recession, the Fed Chairman draws on a 1980s playbook.
Paul Adolph Volcker (* 5.September 1927 in Cape May, New Jersey; † 8. Dezember 2019 in New York City, New York) war von August 1979 bis August 1987 Vorsitzender (Chairman) des Federal Reserve System der Vereinigten Staaten von Amerika, nachdem er von 1975 an bereits der Federal Reserve Bank of New York vorgestanden hatte.
Dec 10, 2019 · After Paul Volcker retired from the Federal Reserve, a friend dropped by his office in New York. He began to regale Volcker with tales of how his son, who worked for a hedge fund, was making big ...