Volcker

[ vohl-ker ]

noun

1. Paul Adolph, 1927–2019, U.S. economist: Federal Reserve Board chairman 1979–87.

Example Sentences

The Volcker Shock was Fed chairman Paul Volcker’s campaign to tame inflation by pushing interest rates to as high as around 20 percent.

From Freakonomics

The Volcker Rule, a component of the far-reaching Dodd-Frank law, required large banks to cut back on proprietary trading.

From The Daily Beast

Paul Volcker, who ran the Fed heroically from 1979 to 1987, was a highly effective central banker.

From The Daily Beast

It was the theory that led Fed chairman Paul Volcker to purge stagflation from the system.

From The Daily Beast

It happened largely because Paul Volcker had pushed up interest rates so high to fight then-rampant inflation (as Frum notes).

From The Daily Beast

Clift: The Volcker Rule is supposed to go into effect this summer.

From The Daily Beast