Paul Volcker facts for kids

Paul Volcker
Paul Volcker
Chairperson of the President's Economic Recovery Advisory Board
	In office; February 2009 – January 2011
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
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
Preceded by	Alfred Hayes
Succeeded by	Anthony Solomon
Personal details
Born	Paul Adolph Volcker, Jr. ; September 5, 1927; Cape May, New Jersey, U.S.
Died	December 8, 2019 (aged 92); New York City, U.S.
Political party	Democratic Party
Spouse(s)	Barbara Bahnson (m. 1954–1998; her death; 2 children); Anke Dening (m. 2010–2019; his death)
Alma mater	Princeton University; Harvard University; London School of Economics

Paul Adolph Volcker, Jr. (September 5, 1927 – December 8, 2019) was an American economist. He was Chair of the Federal Reserve under Presidents Jimmy Carter and Ronald Reagan from August 1979 to August 1987.

He was 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.

In 2018, Volcker was diagnosed with prostate cancer. He died on December 8, 2019 in New York City, aged 92.

Images for kids

Portrait of Paul A. Volcker by Luis Alvarez Roure. Collection of the Board of Governors of the Federal Reserve System, Washington, D.C.
Volcker in 2014 with Alan Greenspan and Ben Bernanke