Paul Adolph Volcker Jr. 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.
Volcker in 2014
Portrait of Paul A. Volcker by Luis Alvarez Roure
Volcker in 2014 with Alan Greenspan and Ben Bernanke
Chair of the Federal Reserve
The chairman of the Board of Governors of the Federal Reserve System is the head of the Federal Reserve, and is the active executive officer of the Board of Governors of the Federal Reserve System. The chairman presides at meetings of the Board.
Chair of the Federal Reserve
Federal Reserve Chairs (Left to Right): Janet Yellen, Alan Greenspan, Ben Bernanke, and Paul Volcker. Yellen was vice chair when the photograph was taken.
Image: William gibbs mcadoo desk
Image: HAMLIN, CHARLES S. ASSISTANT SECRETARY OF THE TREASURY, 1913 LCCN2016864808 (cropped)