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| − | '''Paul A. Volcker''' is an [[economist]], former Chair of the [[Federal Reserve]] under presidents [[Jimmy Carter|Carter]] and [[Ronald Reagan|Reagan]], and currently Chairman of the President's Economic Recovery Advisory Board for the [[Obama Administration]] as the "Economic Czar."<ref>[http://glennbeck.blogs.foxnews.com/2009/06/09/rise-of-the-czars/ Rise of the Czars], FOXNews.com, June 9th, 2009.</ref> Volcker was appointed in January 2009, and reports to [[President Obama]].<ref name=GB>[http://www.glennbeck.com/content/articles/article/198/29391/ List of Obama's Czars], GlennBeck.com, August 21, 2009.</ref> He is in charge of offering independent, nonpartisan information, analysis, and advice to the President as he formulates and implements his plans for [[economic]] recovery. | + | '''Paul A. Volcker''' (September 5, 1927 – December 8, 2019) was an [[economist]], former Chair of the [[Federal Reserve]] under presidents [[Jimmy Carter|Carter]] and [[Ronald Reagan|Reagan]], and Chairman of the President's Economic Recovery Advisory Board for the [[Obama Administration]] as the "Economic Czar."<ref>[http://glennbeck.blogs.foxnews.com/2009/06/09/rise-of-the-czars/ Rise of the Czars], FOXNews.com, June 9th, 2009.</ref> Volcker was appointed in January 2009, and reports to [[President Obama]].<ref name=GB>[http://www.glennbeck.com/content/articles/article/198/29391/ List of Obama's Czars], GlennBeck.com, August 21, 2009.</ref> |
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| − | == Previous experience ==
| + | During his time as Federal Reserve chairman (1979-1987), he imposed high-interest rates that solved the economic crisis that ruined Carter and gave Reagan a major challenge. Volcker is generally regarded as a moderate in economic matters, with strong support from business. |
| − | During his time as Federal Reserve chairman (1979-1987), he imposed high interest rates that solved the economic crisis that ruined Carter and gave Reagan a major challenge. Volcker is generally regarded as a moderate in economic matters, with strong support from business. | + | |
| | + | Volcker died on December 8, 2019.<ref>Multiple references: |
| | + | *Lane, Sylvan (December 9, 2019). [https://thehill.com/policy/finance/473636-paul-volcker-dies-at-92 Paul Volcker dies at 92]. ''The Hill''. Retrieved December 9, 2019. |
| | + | *Krishan, Nihal (December 9, 2019). [https://www.washingtonexaminer.com/policy/economy/paul-volcker-inflation-fighting-former-fed-chairman-dies-at-92 Paul Volcker, inflation-fighting former Fed chairman, dies at 92]. ''Washington Examiner''. Retrieved December 9, 2019. |
| | + | *Davidson, Kate; Reddy, Sudeep (December 9, 2019). [https://www.wsj.com/articles/paul-volcker-who-guided-u-s-monetary-policy-and-finance-for-nearly-three-decades-is-dead-11575901675 Paul Volcker, Who Guided U.S. Monetary Policy and Finance for Nearly Three Decades, Is Dead]. ''The Wall Street Journal''. Retrieved December 9, 2019.</ref> |
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| | ==References== | | ==References== |
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| | [[Category:Obama Administration]] | | [[Category:Obama Administration]] |
| | [[Category:Obama Administration Czars]] | | [[Category:Obama Administration Czars]] |
| | + | [[Category:Economists]] |