From public politics to private business, Paul Volcker is a living legend of finance. He has established himself as one of the world’s most influential economic thinkers and is regarded as both a figure of fortitude and an instinctive leader who has invariably done what he believed was right, regardless of the consequences.

Volcker served in the Federal Government for nearly three decades and under five presidents:  John F. Kennedy, Lyndon B. Johnson, Richard M. Nixon, Jimmy Carter and Ronald Reagan. As chairman of the Federal Reserve Board during one of the most turbulent periods in U.S. monetary history, Volcker instituted tough economic policies that halted the runaway inflation staggering the American economy in the late 1970s and early 80s, and ushered in an era of financial deregulation and innovation.  Most recently, Volcker was an economic advisor to President Barack Obama, leading the President's Economic Recovery Advisory Board and proposing new bank regulations dubbed "The Volcker Rule", in reference to his aggressive pursuit of tougher financial regulations to prevent devastating future financial crises in the U.S. and around the world.



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ABOUT The Honorable Paul A. Volcker   (+/-)

Leading one of the World’s Most Powerful Economic Institutions

In 1979, Paul Volcker was nominated by President Jimmy Carter to fill the most powerful economic seat in government--chairman of the Federal Reserve Board.  As chairman, he also had oversight of the 12-member Federal Open Market Committee (FOMC), which decides the conduct of U.S. monetary policy.  Immediately prior to becoming Chairman of the Federal Reserve, Volcker spent more than four years as President of the Federal Reserve Bank of New York, the principal operating arm of the System.

Economic Innovator, Skilled Diplomat

Earlier, Volcker had two tours of duty as an official of the U.S. Treasury, serving as Under Secretary for Monetary Affairs from 1969 to 1974. In that position, he was responsible for developing and implementing Treasury debt management and Federal credit policies. On behalf of the United States, he conducted international monetary negotiations during the transition from the Bretton Woods fixed-exchange rate system to the more flexible system of floating rates that has prevailed since the early 1970s. In the area of domestic finance, among other initiatives, Volcker initiated the auctioning of Treasury bonds, an approach that has now become customary not only in the United States but in many other countries.

Committed to Serving the Global Good

Mr. Volcker is Chairman of International House and Co-chairman of the Financial Services Volunteer Corps. He is also associated as a Trustee or member of the Board of Directors with the American Assembly, the American Council on Germany, the Japan Society, the Group of Thirty, and the Institute for International Economics. From 2000-2005, Volcker served as Chairman of the Board of Trustees of the International Accounting Standards Committee, overseeing a renewed effort to develop consistent, high-quality accounting standards acceptable in all countries.  An honorary chairman and founding member of the Trilateral Commission, he also serves on a number of public and private advisory boards.



Out of Time: Fixing the Global Financial Mess Before It's Too Late

Chairman of the Federal Reserve under Presidents Carter and Reagan and the main architect of President Obama's Economic Recovery Plan, Paul Volcker is one of the most highly-respected economic and financial thinkers of our generation.  In this enlightening and provocative presentation, Volcker offers a frank assessment of our financial system: What happened? What have we done about it? Is it enough? What we must do to avoid the next crisis?  Engaging and Insightful, Volcker confronts today’s most complex economic issues with unparalleled experience, astute analysis, and exceptional knowledge unrivaled on the geo-political landscape.

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  • Globalization, the World of Finance and the Intricate Infrastructure of Financial Systems
  • Globalism: Implications and Impact
  • Global Markets and Emerging Economies
  • American Foreign Policy: Opportunities and Responsibilities