Economics – Wayne Marr

Paul Volcker

Paul Volcker is the Chairman-Designate of the newly formed Economic Recovery Advisory Board under President-elect Barack Obama.He is the same age as my mother; he is a youngster compared to my Dad at 88. ;-)

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EDUCATION

Princeton University, B.A. Summa cum laude, 1949

Harvard University, Graduate School of Public Administration, M.A. Polictical Economy, 1951

London School of Economics 1951-1952; Rotary Foundation Ambassadorial Fellow

HONORARY DEGREES

University of Notre Dame, Princeton University, Dartmouth College, New York University, Fairleigh Dickinson University, Bryant College, Adelphi University, Lamar University, Bates College (1989), Fairfield University (1994), Northwestern University (2004), Rensselaer Polytechnic Institute (2005), Brown University (2006), and Georgetown University (2007).

PROFESSIONAL POSITIONS

Federal Reserve Bank of New York, Economist, 1952-1957

Chase Manhattan Bank, Economist, 1957-1962

US. Department of Treasury, Director of Financial Analysis, 1962

US. Department of Treasury, Deputy Under-Secretary for Monetary Affairs, 1963-1965

Chase Manhattan Bank, Vice-President and Director of Planning, 1965-1969

US. Department of Treasury, Under-Secretary of the Treasury for International Monetary Affairs, 1969-1974

Federal Reserve Bank of New York, President, 1975-1979

Princeton University, Senior Fellow, Woodrow Wilson School of Pubic and International Affairs, 1975

Federal Reserve System, Chairman, 1979-1987, Reappointed in 1983, J. Rothschild, Wolfensohn & Co, Chairman, 1987

MEMBERSHIPS

United Nations Association of the United States of America, Director, 2000-2004

Group of Thirty, Chairman and Trustee, 2006

Trilateral Commission, Founding Member

Rockefeller Group, Member of Trust Committee

International House, Chairman of Board of Trustees

SELECTED TESTIMONY and OTHER WORK

Testimony before The U.S. House of Representatives Committee on Financial Services Washington , June 23, 2003; download here.

Public Hearings of The National Commission on the Public Service: Public Hearings on the Federal Service Day Three: The State of the Public Service, July 18, 2002; download here.

Testimony before the House Government Reform Committee, March 6, 2003; download here.

The Brooking Institution, National Commission on the Public Service, Press Briefing Transcript

Second Interim Report, The 1998 Procurement of the Humanitarian Goods Inspection Contract, March 25, 2005; download here.

Testimony before the Capital Markets, Insurance and Government Sponsored Enterprises Subcommittee of the U.S. House of Representatives, June 7, 2001; download here.

Prepared Comments on the crisis in the accounting and auditing professions, February 14, 2002, download here.

PERSONAL

Volcker grew up in  Teaneck, New Jersey and  graduated from Teaneck High School.

There is a book about Paul Volcker authored by Joseph Treaster titled. Paul Volcker: The Making of a Financial Legend. New York: John Wiley and Sons (ISBN 0471428124).