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Paul Volcker facts for kids

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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
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, 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.

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