Economy Nearing Carter-Era Catastrophe – Volcker Present Again

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  • Quick, anyone remember who appointed Volcker to the Fed?

    • 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.