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Paul Volcker

Paul Volcker
Paul A. Volcker served two terms as Federal Reserve chairman under Presidents Jimmy Carter and Ronald Reagan. While some of Volcker's policies during that time, including rapid increases in interest rates, were considered unpopular, he is credited with helping tame the United States' inflation problems of the 1970s.

Following his leadership role in the Fed, Volcker had been tapped in 2004 to research possible corruption in the United Nations Oil for Food Program. Volcker's latest appointment comes as chairman of the President's Economic Recovery Advisory Board under President-elect Barack Obama.

Born in 1927 in Cape May, N.J., Volcker earned a bachelor's degree from Princet...
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Paul A. Volcker served two terms as Federal Reserve chairman under Presidents Jimmy Carter and Ronald Reagan. While some of Volcker's policies during that time, including rapid increases in interest rates, were considered unpopular, he is credited with helping tame the United States' inflation problems of the 1970s.

Following his leadership role in the Fed, Volcker had been tapped in 2004 to research possible corruption in the United Nations Oil for Food Program. Volcker's latest appointment comes as chairman of the President's Economic Recovery Advisory Board under President-elect Barack Obama.

Born in 1927 in Cape May, N.J., Volcker earned a bachelor's degree from Princeton and a master's from the Harvard University Graduate School of Public Administration. Before leading the Federal Reserve, he served as chairman of the Federal Reserve Bank of New York.
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Top Paul Volcker Articles

Displaying items 49-60
  • Weekly remarks: Obama wants more regulations; Eric Cantor warns of more taxes coming

     
    GOP says Obama has signed 25 new taxes and Obama says the financial industry needs more Washington rules....
  • Obama: Wall St. reforms to avert crisis

     
    by Peter Nicholas and Janet Hook, updated at 1:50 pm EDT NEW YORK -- President Barack Obama made a case for tougher regulation of the nation's large banks today while dismissing Republican charges that he is creating conditions for unending......
  • What do Sarah Palin, Lady Gaga, Gen. McChrystal have in common? Time magazine: they're special

     
    Tuesday night's black-tie gala for Time magazine's "100 Most Influential People in the World" actually includes 350 guests who made the list, or did last year, or were invited as wannabes who could make the list next year. On some......
  • Brand X Files: 'Lost' finale explained? Kendra's porn tape payday. Rand Paul is the new Sarah Palin

     
    'Lost': Ruined by its own fans? The finale of a once-great series tells us everything we didn't really want to know. (Salon)Kendra Wilkinson's first paycheck for sex tape: $680,000! Ex-boyfriend is said to have 20 more tapes of pin-up. (Radar) Why you...
  • Wall Street Roundup: Volcker disappointed, how big banks got off easy

     
    Little job growth: American private companies added only 13,000 jobs in June, according to a private data company, disappointing analysts who had expected more job growth. AIG and Goldman testify: Goldman Sachs and AIG executives who have managed to...
  • Obama says hard work needed on economic crisis

    CHICAGO (AP) - President-elect Obama says the hardships many Americans are suffering economically are an "urgent reminder" that the nation's leaders must act swiftly to stabilize the financial industry. Obama held his first news conference since being...
  • Obama holds first press conference

    CHICAGO - Just four years removed from being a state senator in Springfield, the world is now hanging on every word of Barack Obama as the president-elect is set for his first post-election news conference scheduled to begin at 1:30 p.m. Chicago time....
  • Business takes liking to Barack Obama

    In these scary economic times, the politics of the business world suddenly seem topsy-turvy. The U.S. Chamber of Commerce, the National Federation of Independent Business and the National Association of Manufacturers are openly praising President-elect...
  • Obama's Cabinet Begins to Take Shape

    WASHINGTON -- President-elect Barack Obama on Friday selected the head of the Federal Reserve Bank of New York as his nominee for Treasury secretary, choosing a vigorous advocate of government intervention in the troubled economy who nonetheless...
  • Struggling economy leaves Obama no grace period

    Struggling economy leaves Obama no grace period
    WASHINGTON — President-elect Barack Obama's preinaugural "honeymoon" could turn into a major headache. Unlike those preceding him in office, Obama is being forced into swift action on the economy with a financial crisis and the specter of recession...
  • Obama Wants Economic Stimulus Package Passed

    Obama Wants Economic Stimulus Package Passed
    With fresh evidence that the U.S. economy is shedding jobs even faster than expected, President-elect Obama said Friday that his top concern is passage of a multibillion-dollar stimulus package to create jobs. In his first press conference since...
  • Columnist, TV Commentator Robert Novak Dies

    Columnist, TV Commentator Robert Novak Dies
    Robert Novak, the longtime syndicated columnist and television commentator who was at the center of a furor late in his career as the first journalist to disclose the identity of CIA operative Valerie Plame, died today. He was 78. Novak died at his...