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UPI Almanac for Friday, Sept. 5, 2014

UPI Almanac for Friday, Sept. 5, 2014

UPI Almanac for Friday, Sept. 5, 2014
By United Press International
Volcker Rule vote set for Dec. 10

Volcker Rule vote set for Dec. 10

Dec. 3 (UPI) -- The Volcker Rule expected to be called to a vote Dec. 10 among five different regulators.
Sonali Basak
Obama formally nominates Yellen to head Fed

Obama formally nominates Yellen to head Fed

WASHINGTON, Oct. 9 (UPI) -- President Obama Thursday formally nominated Janet Yellen to head the Federal Reserve, calling her "one of the nation's foremost economists."

The almanac

UPI Almanac for Thursday, Sept. 5, 2013.
By United Press International
Volcker says QE3 has high risks

Volcker says QE3 has high risks

GLENEAGLES, Scotland, Sept. 22 (UPI) -- Former U.S. Federal Reserve Chairman Paul Volcker said in Scotland the latest round of quantitative easing could spark uncontrollable inflation.

Volcker Rule remains divisive

WASHINGTON, Sept. 21 (UPI) -- Setting guidelines for the Volcker Rule, intended to stop banks from making risky bets, still baffles regulators, a former U.S. Federal Reserve attorney said.
History lessons: Romney vs. Obama

History lessons: Romney vs. Obama

COLLEGE PARK, Md., Sept. 5 (UPI) -- The author argues that Republican nominee Mitt Romney offers Ronald Reagan’s "Morning in America" all over again.
PETER MORICI, UPI Outside View Commentator

The almanac

UPI Almanac for Wednesday, Sept. 5, 2012.
By United Press International
Weill's regrets ... now?

Weill's regrets ... now?

Unlike Paul Volcker, Sanford Weill spoke up just a little too late.
ANTHONY HALL, United Press International

Report: States face years of fiscal crisis

WASHINGTON, July 18 (UPI) -- U.S. states face years of fiscal crisis, even after the economy rebounds, without fundamental reforms in the way state governments function, a report warns.
Task force warns states of fiscal crisis

Task force warns states of fiscal crisis

WASHINGTON, July 17 (UPI) -- A report of the State Budget Crisis Task Force released Tuesday says states must take a number of steps to avoid fiscal crisis.
Tempest in a teapot

Tempest in a teapot

The headline is predictable: "JPMorgan Knew of Risks," and under that, the subhead is familiar: "Concerning $2 billion loss."
ANTHONY HALL, United Press International
Fitch downgrades JPMorgan Chase after $2B loss

Fitch downgrades JPMorgan Chase after $2B loss

NEW YORK, May 11 (UPI) -- Fitch Ratings Friday downgraded JPMorgan Chase, one day after the largest U.S. bank disclosed one of its units had lost $2 billion in trades.
Who feels safer now?

Who feels safer now?

Congratulations to JPMorgan & Chase. This is said with all sincerity.
ANTHONY HALL, United Press International

Fed extends debate on Volcker Rule

WASHINGTON, Dec. 26 (UPI) -- The U.S. Federal Reserve said it would extend the public comment period on the so-called Volcker Rule until mid-February.
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Photos
Paul Volcker
Paul Volcker, chairman of the President's Economic Recovery Advisory Board testifies before the Senate Banking Committee hearing on ways to modernize the U.S. financial regulatory system on Capitol Hill in Washington on February 4, 2009. UPI/Roger L. Wollenberg
Wiki

Paul Adolph Volcker, Jr. (born September 5, 1927) 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.

Volcker was born in Cape May, New Jersey, the son of Alma Louise (née Klippel) and Paul Adolph Volcker. His grandparents were all German immigrants. Volcker grew up in Teaneck, New Jersey, where his father was the township's first municipal manager. As a child, he attended his mother's Lutheran church, while his father went to an Episcopal church. Volcker graduated from Teaneck High School.

Volcker's undergraduate education was at Princeton University; he graduated in 1949. He earned his M.A. in political economy from Harvard University's Graduate School of Arts and Sciences and Graduate School of Public Administration in 1951 and then attended the London School of Economics from 1951 to 1952 as a Rotary Foundation Ambassadorial Fellow, under the Rotary's Ambassadorial Scholarships program.

This article is licensed under the GNU Free Documentation License.
It uses material from the Wikipedia article "Paul Volcker."
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