Paul Volcker, American economist and academic
Paul Adolph Volcker Jr. (September 5, 1927 – December 8, 2019) was an American economist. He served two terms as the 12th Chair of the Federal Reserve from 1979 to 1987. He was nominated to the position by President Jimmy Carter and renominated by President Ronald Reagan. He was widely credited with having ended the high levels of inflation seen in the United States during the 1970s and early 1980s. After his retirement from the Fed, he chaired the Economic Recovery Advisory Board under President Barack Obama from February 2009 until January 2011.Volcker served as president of the Federal Reserve Bank of New York from 1975 to 1979 before President Carter nominated him to succeed G. William Miller as chairman of the Federal Reserve. He served two terms before being succeeded by Alan Greenspan.