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Paul Adolph Volcker Jr. (September 5, 1927 – December 8, 2019) was an American economist who served as the 12th chairman of the Federal Reserve from 1979 to 1987. During his tenure as chairman, Volcker was widely credited with having ended the high levels of inflation seen in the United States throughout the 1970s and early 1980s, [3] with measures known as the Volcker shock.
The Paul Volcker Committee (Independent Inquiry Committee) was formed to investigate alleged corruption and fraud in the United Nations Oil-for-Food Programme in Iraq. The committee was appointed by UN Secretary-General Kofi Annan in April 2004, following calls for a Security Council inquiry, which was approved in Resolution 1538 .
Federal Reserve Chairs (left to right): Janet Yellen, Alan Greenspan, Ben Bernanke, and Paul Volcker.Photo taken 1 May 2014, when Yellen was Chair. As stipulated by the Banking Act of 1935, the Chairman is chosen by the president from among the sitting governors to serve four-year terms with the advice and consent of the Senate.
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Paul Volcker. The Volcker Rule is section 619 [1] of the Dodd–Frank Wall Street Reform and Consumer Protection Act (12 U.S.C. § 1851).The rule was originally proposed by American economist and former United States Federal Reserve Chairman Paul Volcker in 2010 to restrict United States banks from making certain kinds of speculative investments that do not benefit their customers. [2]
Powell did not approach the podium at the Jackson Lake Lodge alone on Friday — the Fed chair brought the spirit and the lessons of the late Paul Volcker.
Paul Volcker (2010), [120] chair of the President's Economic Recovery Advisory Board and Chairman of the Federal Reserve from 1979 to 1987 (deceased) Bing West (2010), [22] author and former Assistant Secretary of Defense for International Security Affairs
In 1979 Carter appointed Paul Volcker as chairman of the Federal Reserve; Volcker’s policies brought down inflation, which was running in double digits by the end of the decade, though it took ...