Volcker Meets with Knight-Bagehot Fellows at Columbia
Volcker Alliance Chairman Paul A. Volcker dined at Columbia University’s Faculty House on March 20 with the current class of Knight-Bagehot Fellows in business and economics journalism, a tradition he began four decades ago when he was president of the Federal Reserve Bank of New York.
Joined by fellowship Director Terri Thompson and Alliance senior vice president Bill Glasgall (a member of the program’s class of 1978), Mr. Volcker reminisced about his term as Federal Reserve Board chairman under Presidents Jimmy Carter and Ronald Reagan; the investigation he subsequently led into alleged corruption in the United Nations oil-for-food program in Iraq; and his role in US regulatory changes following the global financial crisis in the last decade. Mr. Volcker, who is currently writing his memoirs, also discussed with the fellows his views on the value of public service and the challenges facing those wanting to enter it.
Based at Columbia’s Graduate School of Journalism, the Knight-Bagehot Fellowship program offers qualified journalists a year-long opportunity to enhance their understanding and knowledge of business, economics, and finance. The Fellows take courses at Columbia's graduate schools of journalism, business, law and international affairs; participate in off-the-record seminars and dinner meetings with corporate executives, economists and academics; and attend briefings and field trips to New York-based media companies and financial institutions.