From public politics to private business, Paul Volcker is a living legend of finance. He has established himself as one of the world's most influential economic thinkers and is regarded as both a figure of fortitude and an instinctive leader who has invariably done what he believed was right, regardless of the consequences.
Volcker served in the Federal Government for nearly three decades and under five presidents: John F. Kennedy, Lyndon B. Johnson, Richard M. Nixon, Jimmy Carter and Ronald Reagan. As chairman of the Federal Reserve Board during one of the most turbulent periods in U.S. monetary history, Volcker instituted tough economic policies that halted the runaway inflation staggering the American economy in the late 1970s and early 80s, and ushered in an era of financial deregulation and innovation. Most recently, Volcker was an economic advisor to President Barack Obama, leading the President's Economic Recovery Advisory Board and proposing new bank regulations dubbed "The Volcker Rule", in reference to his aggressive pursuit of tougher financial regulations to prevent devastating future financial crises in the U.S. and around the world.