Volcker

[vohl-ker]

noun

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

Example Sentences

In 1980, Fed Chairman Paul Volcker jacked up interest rates and used double-dip recessions to crush inflation.

Read more on The Wall Street Journal

“If I felt that Paul Volcker version two was going to be coming in to replace Jay Powell, that’s a good reason gold would fall,” says Sebastian Lyon, founder and chief investment officer of Troy Asset Management, a London boutique that holds physical gold in one of its investment vehicles.

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The long-term case is the “debasement trade,” the idea that indebted and politically-weak governments will eventually do the opposite of Volcker and choose inflation over recession.

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In 1976 Jimmy Carter gave no hint that he would spearhead major regulatory reforms across the transportation and energy industries or appoint inflation hard-liner Paul Volcker to the Federal Reserve.

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It took a meeting with the inflation-slaying giant of a former Fed chair, Paul Volcker, to straighten him out.

Read more on Barron's