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    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.

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  2. Dec 4, 2022 · Paul Volcker, in full Paul Adolph Volcker, (born September 5, 1927, Cape May, New Jersey, U.S.—died December 8, 2019, New York City, New York), American economist and banker who, as chairman of the board of governors of the U.S. Federal Reserve System (1979–87), played a key role in stabilizing the American economy during the 1980s. Volcker graduated from Princeton University in 1949 and ...

    • The Editors of Encyclopaedia Britannica
  3. Dec 8, 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.

  4. 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. 1 In 2014, Volcker called for a new Bretton Woods Agreement to ...

    • Kimberly Amadeo
    • Former President, World Money Watch
  5. Dec 9, 2019 · Paul Volcker, the former chairman of the Federal Reserve known for his battles against inflation in the late 1970s and early 1980s, has died.He was 92. He passed away at his home in New York ...

  6. Dec 9, 2019 · Paul Volcker in June 2018. Getty Images. Paul Volcker — the 6-foot-7, cigar-chomping economist who quashed inflation as Federal Reserve chairman in the 1980s with a controversial, tough-medicine ...

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