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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.


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financial system and should be regulated more like banks, Bloomberg reported former Federal Reserve Chairman Paul Volcker as saying in an interview.
In addition, last year Paul Volcker, a trusted Obama adviser and chair of the President's Economic Recovery Advisory Board, released a report through his own international working group (Group of Thirty) detailing financial regulation proposals, which could be used as a reform framework.
The White House Wednesday announced a new task force headed by former Federal Reserve chairman Paul Volcker to reform the Byzantine US tax code in the hope of recouping billions in lost revenue.
 
 
 
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