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Snapshots of the 4 most recent Federal Reserve leaders – Mesh Report

April 08
14:33 2016

WASHINGTON (AP) — Janet Yellen, Ben Bernanke, Alan Greenspan and Paul Volker confronted numerous economic challenges during their combined nearly four decades as leaders of the Federal Reserve. On Thursday night, they shared their observations.

Here’s a look at the key events of their tenures:

PAUL VOLCKER

Volcker served as chairman from August 1979 to August 1987. He had been tapped by President Jimmy Carter to combat a crisis of stagflation — the toxic combination of double-digit inflation and weak job growth that gripped the U.S. economy after the oil shocks of the 1970s. Volcker, then head of the Fed’s New York regional bank, told Carter he could fix it.

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