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Politics : Formerly About Advanced Micro Devices

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Doren
pocotrader
To: maceng2 who wrote (1446973)3/16/2024 7:26:39 PM
From: Wharf Rat2 Recommendations  Read Replies (4) of 1577030
 
"Inflation is out of control."

Rat's old enuf to remember when inflation actually looked out of control, until Volker killed it.

Today's inflation and the Great Inflation of the 1970s

CEPR

by MA Kose · Cited by 1 — In 1970, it reached 5.5% and then continued to trend up in a range from 5.5–14.4% through the 1970s before culminating at 14% in 1980. In ...

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Paul Volcker, the Carter-Reagan Fed chairman who beat ...

CNBC


Dec 9, 2019 — As Fed chief under Presidents Carter and Reagan, Paul Volcker helped tame inflation, but with 20% interest rates that also crunched the economy.
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