Paul Volcker facts for kids
|Chairperson of the President's Economic Recovery Advisory Board|
February 2009 – January 2011
|Preceded by||None—Founding Appointee|
|Succeeded by||Jeffrey Immelt (Council on Jobs and Competitiveness)|
|12th Chairman of the Federal Reserve|
August 6, 1979 – August 11, 1987
|Preceded by||William Miller|
|Succeeded by||Alan Greenspan|
|5th President of the Federal Reserve Bank of New York|
May 2, 1975 – August 5, 1979
|Preceded by||Alfred Hayes|
|Succeeded by||Anthony Solomon|
Paul Adolph Volcker, Jr.
September 5, 1927
Cape May, New Jersey, U.S.
|Died||December 8, 2019
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
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.
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Paul Volcker Facts for Kids. Kiddle Encyclopedia.