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 ?
This Day In Market History: Paul Volcker Takes Over As Fed Chair
Paul Volcker, Alan Greenspan, Ben Bernanke, and Janet Yellen came together to express their support for the apex bank and urged it to act without fear or favour.
Hawaii, Massachusetts, and Wyoming also received bottom grades, according to the nonprofit organization founded by former Federal Reserve Chairman Paul Volcker to raise alarm bells about the long-term financial problems facing U.S.
For example, in Paul Volcker's highly complimentary Preface to the book, he calls Henry Kaufman "a great American citizen" (p.
Hensarling's bill would eliminate Dodd-Frank's so-called "(https://www.federalreserve.gov/bankinforeg/volcker-rule/faq.htm) Volcker Rule ," named for the economist and former Federal Reserve Chairman Paul Volcker, which forces insured depository banks to separate their proprietary trading from consumer banking activities, essentially keeping them from acting like - and working with - hedge funds and private equity firms.
Named after former Fed Chair Paul Volcker, it was designed to prevent banks from doing risky trading with their own funds.
The Richmond Feds latest Economic Brief challenges the standard narrative of the causes of the disinflation that occurred under former Federal Reserve Chairman Paul Volcker.
NEW YORK, April 8 (KUNA) -- US Federal Reserve Chair Janet Yellen said that the US economy is on a "solid course" and not a "bubble economy." Her statement came at an event held at the International House in New York, side by side with former Federal Reserve Chairs Ben Bernanke, Alan Greenspan and Paul Volcker. Yellen said the US economy has made a tremendous progress in recovering from the damage from the financial crisis, affirming that the labour market is healing, slowly but surely.
Recently, I had the pleasure of an extended lunch with one of my all-time heroes, Paul Volcker, former Fed chairman (1979-1987) and the first chair of the Economic Recovery Advisory Board (2009-2011).
He was a member of the President's Council of Economic Advisers (1977-1980) and was nominated for membership on the Federal Reserve Board by President Jimmy Carter, serving under Chairman Paul Volcker (1980-1985).
The report, issued by The Volcker Alliance, a public policy organization headed by former Federal Reserve Chairman Paul Volcker, also stated the Securities and Exchange Commission and the Commodity Futures Trading Commission would merge; an overarching Prudential Supervisory Authority closely tied to the Federal Reserve would be created; and the Federal Stability Oversight Council would establish a Systemic Issues Committee.
In Krugman's telling, all credit belongs to Paul Volcker, then chairman of the Federal Reserve Board.