Alan Greenspan
Search results
Jul 13, 2022 · The US experienced double-digit inflation in the late 1970s and early 1980s, until the Federal Reserve raised interest rates and caused two recessions under Paul Volcker. Learn how Volcker's actions ended the crisis and what lessons they have for today's inflation.
- Dylan Matthews
Sep 22, 2022 · Volcker had one huge problem to tackle - inflation. Prices had been rising at 9%, 11% a year. Which meant if you had saved a pile of money for retirement, that pile bought less and less....
- David Kestenbaum
Aug 5, 2022 · Paul A. Volcker at a Senate Banking Committee hearing in March 1980. When he became Fed chair in 1979, inflation was running above 11 percent annually and unemployment was nearly 6 percent.
In October 1979, Fed Chairman Paul Volcker announced new measures by the Federal Open Market Committee aimed at reining in the inflation that had afflicted the US economy for several years. Paul Volcker prior to appearing on the Senate Banking Committee Panel in 1979 (Photo: Associated Press; Photographer: Charles W. Harrity)
Nov 22, 2013 · Learn how the Great Inflation of 1965-1982 was driven by excessive money supply, flawed macroeconomic policies, and the collapse of Bretton Woods. Explore the impact of inflation on the US economy and the role of Paul Volcker in fighting it.
Jan 1, 2005 · On Oct. 6, 1979, Fed Chairman Paul Volcker took dramatic steps to rein in the runaway inflation that had been sapping the strength of our economy since the mid-1960s. Without his bold change in monetary policy and his determination to stick with it through several painful years, the U.S. economy would have continued its downward spiral.
People also ask
Did Paul Volcker really fight inflation?
What was Volcker's approach to inflation?
How did Paul Volcker end the economic crisis?
How did Paul Volcker shape American Economic Policy?
Dec 9, 2019 · Paul A. Volcker, who helped shape American economic policy for more than six decades, most notably by leading the Federal Reserve’s brute-force campaign to subdue inflation in the late 1970s...
