Paul a volcker became chairman of the board of governors of the federal reserve system on august 6 1979 he was reappointed for a second term on august 6 1983 and served until august 11 1987 volcker was born in cape may new jersey. Paul volcker paul volcker american economist and banker who as chairman of the board of governors of the us federal reserve system 1979 87 played a key role in stabilizing the american economy in the 1980s while at the treasury department he was the chief architect of the countrys abandonment of the gold standard. Paul volcker biography paul volcker born as paul adolph volcker jr is an american economist he previosly worked as a chairman of the federal reserve under presidents jimmy carter and ronald reagan from august 1979 to august 1987 he is widely accredited with ending the high levels of inflation seen in the united states during the 1970s and . Paul volcker facts as chairman of the federal reserve board during one of the most turbulent periods in us monetary history paul volcker born 1927 helped lower double digit inflation rates in the early 1980s and ushered in an era of financial de
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