Volcker, Paul
From Astro-Databank
| Name |
| ||
| Birthname | Volcker, Paul Adolph | ||
| born on | 5 September 1927 at 10:30 (= 10:30 AM ) | ||
| Place | Cape May NJ, USA, 38n56, 74w54 | ||
| Timezone | EDT h4w (is daylight saving time) | ||
| Data source |
| ||
| Astrology data |   12°01'   25°16 Asc. 29°10'
|
Biography
American banker and administrator, chairman of the Federal Reserve Board 1979-1987. Volcker served as chairman of the Board of Governors of the Federal Reserve System (FRS) from 1979 to 1987. The FRS is an independent federal agency that directs the United States banking system and helps manage the nation's economy. First appointed chairman by President Jimmy Carter, Volcker helped slow down inflation by curbing the growth of the nation's money supply, but many economist believe it also contributed to high unemployment. He was reappointed to the position by President Ronald Reagan in 1983.
Volcker graduated from Princeton in 1949 and earned a master's degree from Harvard two years later. In the early part of his career, he was with the Federal Reserve
Bank of New York, Chase Manhattan Bank, and the Treasury Department. He is a director, trustee, or member of several corporations and nonprofit organizations. He has been characterized as thoughtful and erudite - traits that served him well as chairman of the Fed's Board of Governors from 1979 to 1987. Volcker was succeeded as Federal Reserve Board chairman by Alan Greenspan in 1987.
After close to 30 years of federal government service at the Fed and the US Treasury, Volcker moved into the private sector of a Wall Street investment firm and is
Professor of International Economic Policy at Princeton University. On 5/03/2001, Volcker received an honorary Doctor of Laws degree from the University of
Delaware. He is the author, with Toyoo Gyohten, of "Changing Fortunes: The World's Money and the Threat
to American Leadership," 1992.
Events
- Work : New Job 1979 (Chairman of the Board, Federal Reserve System, eight years)
- Work : Gain social status 1983 (Reappointed to same position)
- Social : End a program of study 1949 (Graduated from Princeton)
- Social : End a program of study 1951 (Master's Degree from Harvard)
- Work : Fired/Laid off/Quit 1987 (Succeeded by Alan Greenspan)
- Work : Published/ Exhibited/ Released 3 May 2001 (Received an honorary Doctorate of Law degree)
- Work : Published/ Exhibited/ Released 1992 (Book released)
Source Notes
Gauquelin Book of American Charts
Categories
- Vocation : Business : Banker/ Financier
- Vocation : Politics : Government employee (Chairman of the Federal Reserve Board)
- Vocation : Education : Teacher (Professor)
