Paul Volcker
American economist (1927-2019)
Paul Adolph Volcker, Jr.[1] (September 5, 1927 – December 8, 2019) was an American economist. He was Chair of the Federal Reserve under Presidents Jimmy Carter and Ronald Reagan from August 1979 to August 1987.
Paul Volcker | |
|---|---|
 | |
| Chairperson of the President's Economic Recovery Advisory Board | |
| In office February 2009 – January 2011 | |
| President | Barack Obama |
| Preceded by | None—Founding Appointee |
| Succeeded by | Jeff Immelt (Council on Jobs and Competitiveness) |
| 12th Chairman of the Federal Reserve | |
| In office August 6, 1979 – August 11, 1987 | |
| President | Jimmy Carter Ronald Reagan |
| Preceded by | William Miller |
| Succeeded by | Alan Greenspan |
| 5th President of the Federal Reserve Bank of New York | |
| In office May 2, 1975 – August 5, 1979 | |
| Preceded by | Alfred Hayes |
| Succeeded by | Anthony Solomon |
| Personal details | |
| Born | Paul Adolph Volcker, Jr. September 5, 1927 Cape May, New Jersey, U.S. |
| Died | December 8, 2019 (aged 92) New York City, U.S. |
| Political party | Democratic Party |
| Spouse(s) | Barbara Bahnson (m. 1954–1998; her death; 2 children) Anke Dening (m. 2010–2019; his death) |
| Alma mater | Princeton University Harvard University London School of Economics |
He was widely credited with ending the high levels of inflation seen in the United States during the 1970s and early 1980s. He was the chairman of the Economic Recovery Advisory Board under Barack Obama from February 2009[2] until January 2011.[3]
In 2018, Volcker was diagnosed with prostate cancer. He died on December 8, 2019 in New York City, aged 92.[4]
References
change- ↑ Rebello, Kathy (June 3, 1987). "Inflation fighter: 'A time to leave'". USA TODAY. Archived from the original on November 14, 2012. Retrieved September 25, 2015.
- ↑ "Obama Announces Economic Advisory Board". Whitehouse.gov. Retrieved 2011-03-12.
- ↑ "Obama Names Volcker to Head New Economic Panel" [1], Accessed November 26, 2008.
- ↑ Appelbaum, Binyin; Hershey, Robert D. Jr. (December 9, 2019). "Paul A. Volcker, Fed Chairman Who Waged War on Inflation, Is Dead at 92". The New York Times. Retrieved December 9, 2019.
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