Paul Volcker


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Paul Volcker

An American economist and Chairman of the Federal Reserve from 1979 to 1987. He was credited with ending the high inflation seen in the 1970s. He raised the fed funds rate as high as 20%. This is considered to have contributed to a recession in the early 1980s. However, inflation dropped from 13.5% in 1981 to 3.2% in 1983. He was born in 1927. See also: Stagflation.
References in periodicals archive ?
The inquiry will be headed by the former chairman of the US Federal Reserve Bank, Paul Volcker.
Paul Volcker stamped out inflation and Ronald Reagan oversaw the demise of the Soviet threat that ultimately allowed Clinton to cut defense expenditures.
The reason we have close to zero inflation now starts with Paul Volcker in 1979.
Other honorees include President Barack Obama, Warren Buffett, Ben Bernanke, Paul Volcker and Steve Jobs.
Financial Professionals Name Paul Volcker As Best Federal Reserve Chairman Of All Time
Paul Volcker, who proposed the famous Volcker rule, is not happy with the final version of the rule.
WASHINGTON: White House adviser Paul Volcker will urge Congress to curb the risks taken by large banks to help prevent them from being treated as "too big to fail," according to testimony obtained by Reuters on Monday.
According to various publications such as the Washington Post and New York Times¸ Geithner may be losing his influence on economic policies to Paul Volcker, the chairman of Obama's Economic Recovery Advisory Board.
Paul Volcker didn't need much help figuring out that inflation was too high (though he needed extreme courage to bring it down).
The year-long inquiry, led by former US Federal Reserve chairman Paul Volcker, concludes that the UN is in urgent need of sweeping reform.
A chagrined Paul Volcker was eventually forced to admit that his probe had not exonerated Annan, as the secretary-general claimed.