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Economy Nearing Carter-Era Catastrophe – Volcker Present Again

By on Nov 06, 2009 in Money

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Comments (2)

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  1. regeya says:
    December 27, 2010 at 10:06 pm

    Quick, anyone remember who appointed Volcker to the Fed?

    • Rich Mitchell says:
      December 29, 2010 at 12:47 pm

      Jimmy Carter nominated Volcker in as Chairman of the Board of Governors of the Federal Reserve. Congress approved it.

      Volcker was appointed as Deputy Undersecretary of Monetary affairs in 1963 – during John F. Kennedy’s presidency.

      Volcker is currently enjoying an assignment as a Presidential adviser at the request of President Obama.

      All of Volcker’s major nominations were made by Democrats.