Karl Otto Pöhl

From Wikipedia, the free encyclopedia

Karl Otto Pöhl (born December 1, 1929) is a German economist and a President of the Bundesbank and Chairman of its Central Bank Council from 1980 to 1991.

Born in Hanover, Lower Saxony, Pöhl worked as a sports reporter to help pay his way through the Georg August University of Göttingen. A graduate economist, he became a Director at the Ifo Institute for Economic Research in Munich. In the 1960s he worked as an economic journalist in Bonn until the Social Democratic Party of Germany won the 1969 national election. He then was employed by the Federal government's Economics Ministry and then the Finance Ministry.

During the 1970s and 1980s, Pöhl was the driving force behind German efforts to get Europe's rampant inflation under control and to lay the framework for broad monetary cooperation among industrialized countries. He is referred to as one of the fathers of the euro.

Karl Otto Pöhl is currently a partner in Sal. Oppenheim Jr. & Cie., a German private investment bank and is a member of the Advisory Board of the Carlyle Group. He has also been a member of the influential Washington-based financial advisory body, the Group of Thirty since 1992.