Paul A. Volcker was Chairman of the Board of Governors of the Federal Reserve System from August 1979 to August 1987. Initially appointed to that position by President Carter for a four-year term, he was reappointed in 1983 by President Reagan.
Over the course of his career, Mr. Volcker worked in the Federal Government for almost 30 years, serving in office under five presidents—John F. Kennedy, Lyndon B. Johnson, Richard M. Nixon, Jimmy Carter, and Ronald Reagan. Prior to his appointment as Chairman of the Board of Governors of the Federal Reserve System, Mr. Volcker spent more than four years as President of the Federal Reserve Bank of New York.
Mr. Volcker returned to private life in 1987 by joining the firm of James D. Wolfensohn & Co., Inc. as Chairman, until his retirement in 1996. He is currently serving as director of, or consultant to, a number of corporations and nonprofit organizations.
Experts discuss the 'real cost' of the financial crisis, specifically after central banks implemented Quantitative Easing 2 last year. This series is presented by the Maurice R. Greenberg Center for Geoeconomic Studies.
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Experts analyze the current state of the global economy.
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Chairman of the Economic Recovery Advisory Board Paul Volcker argues that, in order to minimize the risks of financial institutions' moral hazard, banks must be "free to fail" and prohibited from proprietary trading, running hedge funds, and engaging in potentially risky activities.
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Lawrence Summers and Paul Volcker discuss monetary policy as part of the Council's McKinsey Executive Roundtable Series in International Economics.
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What effect would the fall of the Assad regime have on U.S. policy towards Syria?
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Capitalism and Inequality: Why both the left and right get it wrong
General Stanley McChrystal on the U.S. war on terror
The U.S.-Pakistan alliance: Why it should end
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