| 1 | Name: | Mr. Paul A. Volcker | |
| Institution: | New York University & Princeton University | ||
| Year Elected: | 1998 | ||
| Class: | 5. The Arts, Professions, and Leaders in Public & Private Affairs | ||
| Subdivision: | 503. Administrators, Bankers and Opinion Leaders from the Public or Private Sectors | ||
| Residency: | Resident | ||
| Living? : | Deceased | ||
| Birth Date: | 1927 | ||
| Death Date: | December 8, 2019 | ||
Over the course of his career, Paul A. Volcker was Chairman of the Board of Governors of the U.S. Federal Reserve System; North American Chairman of The Trilateral Commission; Chairman of Wolfensohn & Co., Inc.; and Professor of International Economic Policy at Princeton University. Educated at Princeton and Harvard Universities and the London School of Economics, Mr. Volcker divided the earlier stages of his career between the Federal Reserve Bank of New York, Chase Manhattan Bank and the U.S. Treasury Department. He was 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. He is remembered especially for his success in lowering the inflation rate during his time as Chariman of the Federal Reserve. In November 2008 he agreed to lead the President's Economic Recovery Advisory Board, a new White House economic advisory committee comprised of officials from a variety of business sectors. Paul Volcker died December 8, 2019 in New York, New York at the age of 92. | |||