Paul Volcker served as the twelfth chairman of the Federal Reserve. Previously he served as the president of the Federal Reserve Bank of New York.
Earlier in his career, he served as under secretary for international monetary affairs of the United States Department of the Treasury, and later in his career he was nominated by Barack Obama to serve as chairman of the Economic Recovery Advisory Board.
Outside of government, he worked several years as a financial economist and later as vice president and director of planning at Chase Manhattan Bank.
Volcker held a master's degree in political economy from Harvard University and a bachelor's degree from Princeton University.