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Hace 21 horas · The Great Inflation ended only when Federal Reserve chairman Paul Volcker finally committed to, and followed through with, a program of severe monetary tightening.
Hace 4 días · Para Volcker, el gran desafío era controlar la inflación. Su política monetarista significó un aumento de las tasas de interés a cifras hoy inimaginables, de casi 18%. Hay quienes estiman que esta medida le costó al reelección a Carter; pero también quienes opinan que fue la base para la recuperación económica de Estados Unidos.
Hace 21 horas · 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.
Hace 5 horas · Since 1987, which appears on both charts because Alan Greenspan replaced Paul Volcker at the Fed in August of that year, the inversions have ended either shortly before or shortly after the ...
Hace 21 horas · Then Paul Volcker stepped in and raised short term interest rates drop to 20%. We think five and a quarter percent is restrictive. He raised it to 20% killed inflation, but it also brought on a ...
Hace 1 día · Volcker Report. The UN eventually appointed Paul Volcker to chair an “independent” investigation. His October 2005 report confirmed all the initial reporting and added some juicy transparency. However, it was indefensibly secretive, and the supposed independence was nominal.
Hace 1 día · In 1979, the year Mr. Powell graduated from Georgetown Law, Paul Volcker acceded to Fed chairman. Volcker was able to tame inflation with high interest rates, prompting fierce criticism after years of loose policies. He was aided by President Reagan’s supply-side fiscal and regulatory moves.
