Paul A.Volcker is a economist and was the Chairman of the Federal Reserve. He was the chairman under the presidents Jimmy Carter and Ronald Reagan from August 1979 to August 1987.
A four year term.
The appointment of Paul Volcker to the Federal Reserve Board
Committee Chairman
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During the Reagan administration, interest rates were notably high, peaking in the early 1980s. The Federal Reserve, under Chairman Paul Volcker, raised the federal funds rate to combat inflation, with rates reaching as high as 20% in June 1981. This aggressive monetary policy aimed to stabilize the economy, though it led to a recession in the early years of Reagan's presidency. Over time, rates gradually decreased as inflation was brought under control.
Alan Greenspan was the Fed Chairman during George H. W. Bush's and Clintons presidencies.
paul volcker
Paul Volcker was a respected economist. Before he passed away in February 2011, he served President Barack Obama as Chairman of the Economic Recovery Advisory Board until January 2011.
No, he is not Jewish. He was born in 1927 to in Cape May, New Jersey, at the very southern tip of the state, but he grew up in Teaneck, NJ. Mr. Volcker attended Princeton University, Harvard, and the London School of Economics. He served as Chairman of the Federal Reserve Board under Presidents Carter and Reagan. More recently, he has been Chairman of the Economic Recovery Advisory Board under President Obama. Volcker attended a Lutheran church and his father was Episcopalian.
Paul Volcker's birth name is Paul Adolph Volcker.
Since February 1, 2006 the Fed chairman has been Ben Bernanke. The previous Fed chairman (1987-2006) was Alan Greenspan .
Money supply.
Paul Volcker was born on September 5, 1927.
Paul Volcker was born on September 5, 1927.
Since February 1, 2006 the Fed chairman has been Ben Bernanke. The previous Fed chairman (1987-2006) was Alan Greenspan .
Paul Volcker is 89 years old (birthdate: September 5, 1927).
The Volcker Rule is a financial regulation that was implemented as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act in 2010. Named after former Federal Reserve Chairman Paul Volcker, it aims to prevent excessive risk-taking by banks by prohibiting them from engaging in proprietary trading and limiting their investments in hedge funds and private equity funds. The rule seeks to enhance financial stability by ensuring that banks focus on traditional lending activities rather than speculative trading.