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Paul Volcker

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Paul Volcker's Biography

Paul Adolph Volcker, Jr. (born September 5, 1927) is an American economist. He was the Chairman of the Federal Reserve under United States Presidents Jimmy Carter and Ronald Reagan from August 1979 to August 1987. He is widely credited with ending the high levels of inflation seen in the United States in the 1970s and early 1980s. He was the Chairman of the Economic Recovery Advisory Board under President Barack Obama from February 2009 until January 2011.

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Ben Bernanke (L) testifies with Paul Volcker
Ben Bernanke (L) testifies with Paul Volcker
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  • The Rise of Shadow Banking & The Volcker Rule - SGT Report

      Blog Source: | 4 months ago
    The Volcker Rule refers to § 619[1] (12 U.S.C. § 1851) of the Dodd–Frank Wall Street Reform and Consumer Protection Act, originally proposed by former US Federal Reserve Chairman Paul Volcker to restrict United States banks from making ...
  • The three key moments in Canada's neoliberal transformation ....

      Blog Source: | 4 months ago
    This was an echo of the similar shift in monetary policy that had occurred south of the border a couple of years earlier: the famous "Volcker shock," engineered by U.S. Fed chairman Paul Volcker beginning in 1978. This action, by an
  • Volcker Crisis | Petrol Ucre

      Blog Source: | 4 months ago
    Paul Volcker, old president of the Federal Reserve defines therefore the crisis: the underlying problem is that we have consumed in excess. The consumption in the USA grew beyond the sustainable thing, it did and it thus because much ...

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