Alan Greenspan
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1 day ago · But because of New York’s strict price controls, the bank could not pass those rates onto consumer borrowers. Then, in August 1979, President Jimmy Carter appointed Paul Volcker Chairman of the Federal Reserve. Volcker, determined to burn inflation out of the economy, began a policy experiment we now call the Volcker shock.
4 days ago · Fed Chair Paul Volcker (1979-1987) ultimately tightened until he threw the economy into a severe recession with 10% unemployment, the worst at that time since the 1930s.
4 days ago · Leonard Lopoo, Professor and Paul Volcker Chair in Behavioral Economics, Public Administration & International Affairs; Director, Center for Policy Research; Advisory Board Professor of Public Policy Ph.D., Chicago, 2001 Poverty economic geography, child and family policy
3 days ago · Economics document from SUNY Empire State College, 4 pages, M3 Individual Assignment ECON-3122, Money & Banking 1. In the twenty-first century, Paul Volcker is greatly respected, yet during the early 1980s, he was one of the most disliked people in America.
2 days ago · Yet Paul Volcker hagiographers on the supply-side right, Milton Friedman-worshipping monetarists, and the central-planning reverent on the Keynesian left all track the Fed and its rate fiddling ...
5 days ago · One result was then-Federal Reserve Board Chair Paul Volcker presiding over an inflation-killing program of interest-rate hikes starting in 1980. The result was the most severe economic ...
5 days ago · According to Summers’s team, concerns over borrowing costs are at levels not seen since the early 1980s, when Fed chairman Paul Volcker’s shock therapy pushed interest rates above 15 percent. In this higher rate environment, Americans are struggling with elevated interest rates on big-ticket items, such as homes and cars. Summers and his ...
