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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.
[1]. Left to Right: William J. McDonough (1993–2003), William C. Dudley (2009–2018), Paul Volcker (1975–1979), E. Gerald Corrigan (1985–1993), Timothy Geithner (2003–2008) The ninth president of the New York Fed, Timothy Geithner, who subsequently served as Secretary of the Treasury Paul Volcker, the fifth president of the New York Fed and later Chairman of the Federal Reserve
G. William Miller's swearing in ceremony as Federal Reserve Chairman, with Chief Justice Warren E. Burger (right), Vice-President Walter F. Mondale (right), President Jimmy Carter (left), and Ariadna R. Miller (center) in March 1978. When President Jimmy Carter took office, Nixon-appointee Arthur Burns was the Chairman of the Federal Reserve ...
Carter’s appointment of Paul Volcker as chairman of the Federal Reserve, in 1979, is credited with bringing down inflation over the next few years.
Former President Jimmy Carter has died at the age of 100. ... Carter’s solution was to name Paul Volcker as chair of the Federal Reserve. Volcker sought to end inflation by raising interest rates.
Volcker, who Zima said had been suffering from prostate cancer, was the first to bring celebrity status to the job of U.S. central banker, serving as chairman of the Federal Reserve from 1979 to 1987.
On June 2, 1987, President Ronald Reagan nominated Greenspan as a successor to Paul Volcker, as chairman of the Board of Governors of the Federal Reserve, and the Senate confirmed him on August 11, 1987. [33] Investor, author and commentator Jim Rogers has said that Greenspan lobbied to get this chairmanship. [34]
Former Federal Reserve Chairman Paul Volcker died, leaving behind a legacy in the economics community highlighted by his first-responder approach to economic crises.