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Statement by Chairman Heck on Paul A. Volcker

Posted: December 9, 2019

WASHINGTON, D.C. — Chairman Joe Heck of the National Commission on Military, National, and Public Service released the following statement on the passing of Paul A. Volcker:

“On behalf of the National Commission on Military, National, and Public Service, I offer my heartfelt condolences to the Volcker family and to all who were inspired by Paul Volcker’s extraordinary life of public service. 

Paul Volcker was an exemplary public servant who dedicated his life to advancing the public good. His career spanned five decades, and he served in senior roles under six presidents, including as Under Secretary of the Treasury in the 1970s, as Chairman of the Federal Reserve from 1979 to 1987, and Chairman of the Economic Recovery Advisory Board from 2009 to 2011, helping steer our country through challenging economic times.

My fellow Commissioners and I will remember Mr. Volcker as an influential advocate for public service and a champion for the value of government. As Chairman of the two National Commissions on the Public Service, Mr. Volcker shined a spotlight on the important role of civil servants in preserving America’s democracy and advanced recommendations to improve government personnel systems and inspire new generations of Americans to pursue public service. His commitment to public service continues through his nonprofit, the Volcker Alliance, which he founded nearly seven years ago. 

We salute Mr. Volcker for his exceptional public service and lasting contributions to our country and thank the Volcker Alliance for carrying his vision forward. As the Commission finalizes its recommendations on increasing participation in public service for release next March, we look forward to continuing to work with the Volcker Alliance and to making recommendations that uphold Mr. Volcker’s vision to advance the effective management of government for the public good.”