Tough Calls: Lessons from Volcker, inflation, and the Fed's crossroads
Briefly

from www.housingwire.com2 weeks ago
"The standard of living of the average American has to decline... Inflation was 13%. Volcker's predecessors had failed to control prices, and stagflation gripped the United States."
www.housingwire.comhttps://www.housingwire.com/articles/tough-calls-lessons-from-volcker-inflation-and-the-feds-crossroads/
"By 1986, inflation was defeated at 1.9%, mortgage rates fell to 10%, and unemployment had a 5-handle... Volcker's tough call worked, concluding one of the most painful economic periods in modern U.S. history."
www.housingwire.comhttps://www.housingwire.com/articles/tough-calls-lessons-from-volcker-inflation-and-the-feds-crossroads/
"History is full of tough calls... Churchill allowed for Coventry's demise to preserve his secret upper hand. This decision was crucial for the Allied victory in WW2."
www.housingwire.comhttps://www.housingwire.com/articles/tough-calls-lessons-from-volcker-inflation-and-the-feds-crossroads/
"Jacinda Ardern locked down New Zealand at the pandemic's onset... resulting in the lowest death rate globally, contrasting sharply with the U.S. experience of four times higher mortality."
www.housingwire.comhttps://www.housingwire.com/articles/tough-calls-lessons-from-volcker-inflation-and-the-feds-crossroads/
Read at www.housingwire.com
#economic-history #inflation #federal-reserve #policy-decisions #public-health
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