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Paul Volcker facts for kids
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Paul Volcker
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| Chairperson of the President's Economic Recovery Advisory Board | |
| In office February 2009 – January 2011 |
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| President | Barack Obama |
| Preceded by | None—Founding Appointee |
| Succeeded by | Jeffrey Immelt (Council on Jobs and Competitiveness) |
| 12th Chairman of the Federal Reserve | |
| In office August 6, 1979 – August 11, 1987 |
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| 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 |
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| Preceded by | Alfred Hayes |
| Succeeded by | Anthony Solomon |
| Personal details | |
| Born |
Paul Adolph Volcker, Jr.
September 5, 1927 Cape May, New Jersey, U.S. |
| Political party | Democratic Party |
| Spouse(s) | Barbara Bahnson (m. 1954-1998; her death; 2 children) Anke Dening (m. 2010-present) |
| Alma mater | Princeton University Harvard University London School of Economics |
Paul Adolph Volcker, Jr. (born September 5, 1927) is an American economist. He was Chairman of the Federal Reserve under Presidents Jimmy Carter and Ronald Reagan from August 1979 to August 1987.
He is known for ending the 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 until January 2011.