Paul Volcker

Paul A. Volcker was Chairman of the Board of Governors of the Federal Reserve System from August 1979 to August 1987. Initially appointed to that position by President Carter for a four-year term, he was reappointed in 1983 by President Reagan.

Over the course of his career, Mr. Volcker worked in the Federal Government for almost 30 years, serving in office under five presidents—John F. Kennedy, Lyndon B. Johnson, Richard M. Nixon, Jimmy Carter, and Ronald Reagan. Prior to his appointment as Chairman of the Board of Governors of the Federal Reserve System, Mr. Volcker spent more than four years as President of the Federal Reserve Bank of New York.

Mr. Volcker returned to private life in 1987 by joining the firm of James D. Wolfensohn & Co., Inc. as Chairman, until his retirement in 1996. He is currently serving as director of, or consultant to, a number of corporations and nonprofit organizations.



General Brent Scowcroft, Eric Melby and Henry Siegman

General Brent Scowcroft, Eric Melby and Henry Siegman

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Give Up on Netanyahu, Go to the United Nations

The greetings President Obama extended last week to Israel’s new government may have sounded conciliatory, but Mr. Obama no longer entertains any illusions about Israel’s leaders.

In the wake of last month’s election, the longtime peace activists and diplomats who have devoted much of their professional lives to achieving a two-state solution to the Israeli-Palestinian conflict are more depressed and demoralized than ever before.

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