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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.
In October 1979, Fed Chairman Paul Volcker announced new measures by the Federal Open Market Committee aimed at reining in the inflation that had afflicted the US economy for several years.
Jun 3, 1987 · Paul A. Volcker, the nation’s leading inflation fighter during his eight years as chairman of the powerful Federal Reserve Board, said Tuesday that he will step down, and President Reagan...
Dec 9, 2019 · Paul A. Volcker, who helped shape American economic policy for more than six decades, most notably by leading the Federal Reserve’s brute-force campaign to subdue inflation in the late 1970s...
Aug 31, 2024 · Volcker was reappointed to a second four-year term in 1983 and continued his widely praised performance as manager of the money supply and controller of inflation. He declined to accept reappointment to a third term in 1987.
Jul 13, 2022 · When Volcker left office in August 1987, inflation was down to 3.4 percent from its peak of 9.8 percent in 1981, after the first Volcker recession failed to drive prices down.
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Dec 8, 2019 · Born: September 5, 1927. Died: December 8, 2019. Paul A. Volcker became chairman of the Board of Governors of the Federal Reserve System on August 6, 1979. He was reappointed for a second term on August 6, 1983, and served until August 11, 1987.
