Paul Volcker
Sign in to saveAlso known as Paul A. Volcker, Paul Adolph Volcker, Paul Adolph Volcker, Jr., Paul Adolph Volcker Jr.
American economist (1927-2019)
Key facts
- President
- Barack Obama
- Preceded by
- Position established
- Succeeded by
- Jeffrey R. Immelt (Council on Jobs and Competitiveness)
- Deputy
- Frederick H. Schultz , Preston Martin , Manuel H. Johnson
- Born
- Paul Adolph Volcker Jr. , ( 1927-09-05 ) September 5, 1927, Cape May, New Jersey , U.S.
- Died
- December 8, 2019 (2019-12-08) (aged 92), New York City , New York , U.S.
- Party
- Democratic
- Spouses
- Barbara Bahnson ( married</span>"}]]}'>m. September 11, 1954</span>"}]]}'>1954 ; died June 14, 1998</span>"}]]}'>1998 ) Anke Dening ( married</span>"}]]}'>m. February 11, 2010</span>"}]]}'>2010 )
- Education
- Princeton University ( BA ), Harvard University ( MA ), London School of Economics (attended)
via Wikipedia infobox
Wikidata facts
- Instance of
- human
- Given name
- Adolph
- Gender
- male
- Citizenship
- United States
- Place of birth
- Cape May
- Place of death
- New York City
- Occupation
- politician
- Political party
- Democratic Party (United States)
- Languages spoken
- English language
- Native language
- English language
- Religion
- Lutheranism
- Field of work
- economics of banking
- Image
- Paulvolcker.jpg
- Number of children
- 2
Show 10 more facts
- date of birth
- 1927-09-05
- Commons category
- Paul Volcker
- member of
- Group of Thirty
- cause of death
- prostate cancer
- different from
- Paul Völckers
- date of death
- 2019-12-08
- name in native language
- Paul Volcker
- birth name
- Paul Adolph Volcker Jr.
- replaced by
- Jeff Immelt
- manner of death
- natural causes
via Wikidata · CC0
~22 min read
Encyclopedic overview
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, with measures known as the Volcker shock. He previously served as the president of the Federal Reserve Bank of New York from 1975 to 1979.
President Jimmy Carter nominated him to succeed G. William Miller as Fed chairman and President Ronald Reagan renominated him once. Volcker did not seek a third term at the Fed and was succeeded by Alan Greenspan. After his retirement from the Board, he chaired the Economic Recovery Advisory Board under President Barack Obama from 2009 to 2011 during the subprime mortgage crisis.
Excerpted from Wikipedia’s “Paul Volcker” article, available under the CC BY-SA 4.0 licence.