The Maxwell School recently announced that it has received a major gift from Robert B. Menschel to establish the Paul Volcker Chair in Behavioral Economics at the School, in recognition of Volcker’s exceptional accomplishments and service to the nation. Volcker, at an event celebrating the gift was interviewed by Charlie Rose, and warned that the new financial regulations have not done enough to address the size of risk-taking banks. Read more.
Paul Volcker is an American economist. He was the Chairman of the Federal Reserve under United States Presidents Jimmy Carter and Ronald Reagan from August 1979 to August 1987. He is widely credited with ending the high levels of inflation seen in the United States in the 1970s and early 1980s. He was the Chairman of the Economic Recovery Advisory Board under President Barack Obama from February 2009 until January 2011.