Paul A. Volcker
Paul A. Volcker currently serves as Chairman of the "Volcker Alliance", a foundation he created in 2013 in response to the challenge of achieving more effective government at all levels – Federal, State and Local. Reflecting his long-term interest in that respect, he headed a private, non-partisan Commission on the Public Service in 1987 recommending a sweeping overhaul of the organization and personnel practices of the United States Federal Government.
Mr. Volcker became widely known for his leadership as Chairman of the Board of Governors of the Federal Reserve System from 1979 to 1987, a period in which the accelerating inflation and the so-called "stagflation" of the 1970s gave way to greater price stability and strong economic growth.
His appointment, first by President Jimmy Carter and reappointment by President Ronald Regan, culminated almost 30 years of public service. From 1969 to 1974 as Undersecretary of the Treasury for Monetary Affairs in the Nixon administration, he carried the principal responsibility for international monetary negotiations during the breakdown of the Bretton Woods international monetary system.
Upon leaving Washington in 1987 after almost 30 years of public service, Mr. Volcker agreed to head a distinguished private, non-partisan Commission on Public Service, reporting to the President George H.W. Bush. He also accepted a chair at Princeton University as the Frederick Schultz Professor of International Finance and simultaneously chairmanship of the small investment banking firm, James D. Wolfensohn, Inc.
Paul A. Volcker currently serves as Chairman of the "Volcker Alliance", a foundation he created in 2013 in response to the challenge of achieving more effective government at all levels – Federal, State and Local. Reflecting his long-term interest in that respect, he headed a private, non-partisan Commission on the Public Service in 1987 recommending a sweeping overhaul of the organization and personnel practices of the United States Federal Government.
Mr. Volcker became widely known for his leadership as Chairman of the Board of Governors of the Federal Reserve System from 1979 to 1987, a period in which the accelerating inflation and the so-called "stagflation" of the 1970s gave way to greater price stability and strong economic growth.
His appointment, first by President Jimmy Carter and reappointment by President Ronald Regan, culminated almost 30 years of public service. From 1969 to 1974 as Undersecretary of the Treasury for Monetary Affairs in the Nixon administration, he carried the principal responsibility for international monetary negotiations during the breakdown of the Bretton Woods international monetary system.
Upon leaving Washington in 1987 after almost 30 years of public service, Mr. Volcker agreed to head a distinguished private, non-partisan Commission on Public Service, reporting to the President George H.W. Bush. He also accepted a chair at Princeton University as the Frederick Schultz Professor of International Finance and simultaneously chairmanship of the small investment banking firm, James D. Wolfensohn, Inc.
A Government Ill Executed
