Paul Volcker was the head of the Federal Reserve under both the Jimmy Carter and Ronald Reagan administrations. President Barack Obama has appointed Volcker to lead the White House Economic Recovery Advisory Board, a group of economic advisers from outside the Executive Branch who will provide insight and strategies for reversing the recession.
President's Economic Recovery Advisory Board
On November 26, 2008, Obama announced that Volcker had accepted his offer to head the President's Economic Recovery Advisory Board. University of Chicago economics professor and fellow Obama economic adviser Austan Goolsbee serves as the group's its top staff member.The Caucus: Obama Names Volcker to Head New Economic Panel (November 26, 2008) The group also includes GE Chairman Jeffrey Immelt and Harvard University professor Martin Feldstein.The New York Times: Obama Names Economic Panel (February 6, 2009)
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Fast Facts
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Full name
Paul Adolph Volcker
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Born
September 5, 1927
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Birth place
Cape May, New Jersey
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Served as Undersecretary of the Treasury for Monetary Affairs from 1969-1974
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Served as chairman of Federal Reserve from 1979-1987Federal Reserve Bank: Paul Volcker Biography
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Served as Undersecretary of the Treasury for Monetary Affairs from 1969-1974Federal Reserve Bank: Paul Volcker Biography
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Named head of Obama's Economic Recovery Advisory Board on November 26, 2008
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Obama considered Volcker for the position of Treasury Secretary before appointing Timothy GeithnerThe Caucus: Obama Names Volcker to Head New Economic Panel (November 26, 2008)
