Ex-Fed Chair Volcker dies, tamed inflation with recession
Update: 2025-09-27
Description
Volcker took charge of the Fed in August 1979, when the U.S. economy was in the grip of runaway inflation. Consumer prices skyrocketed 13% in 1979 and then by the same pace again in 1980. Former Federal Reserve chairman Paul Volker has died at the age of 92....
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