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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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Reports Related to Paul Volcker

  • The parasitic attitude of bankers to collapse dollar

    Washington : DC : USA | 4 days ago

    An experienced financier of Wall Street prophesies an imminent dollar collapse due to "parasitic attitude of bankers" supported by unconventional policy of the U.S. Federal Reserve. rt<...

Paul Volcker News Stories

  • St. Anthony: Bair says bailouts saved banks, not the economy

      News Source: Star Tribune | 5 days ago
    According to the federal accountants and financial institutions who benefited, the 2008-09 taxpayer bailout of Wall Street has made money for the U.S...The ponderous Dodd-Frank law is supposed to ensure there's not another rescue of the nation's
  • Fed gives banks 2 more years on risky securities

      News Source: Miami Herald | 11 days ago
    The Federal Reserve is giving U.S. banks two more years to ensure their holdings of certain complex and risky securities don't put them afoul of the new Volcker Rule. The Fed's move announced Monday didn't give banks an outright exemption for the
  • Inflation targeting: What are banks, market fretting about?

      News Source: India Abroad | 23 days ago
    S ince the April monetary policy is drawing near, I thought I would add my two bits to the debate on inflation targeting that the money markets and banks are fretting about so much. Like the cliched motherhood and apple pie, targeting inflation has

Paul Volcker Blogs

  • The Rise of Shadow Banking & The Volcker Rule - SGT Report

      Blog Source: | 9 days 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: | 9 days 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: | 9 days 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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