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Volcker Recalls Another Time The Fed Was In The President’s Crosshairs

TedTed
in The Bullpen
FYI: Donald Trump’s repeated public criticism of the Federal Reserve’s monetary policy seems extraordinary, but he isn’t the first president to oppose raising rates. Paul Volcker, 91, has had firsthand experience with this, both in Lyndon Johnson’s Treasury Department and as Fed chairman during the Reagan administration, as he recalls in Keeping at It: The Quest for Sound Money and Good Government (Oct. 30, PublicAffairs), written with Bloomberg Markets Editor Christine Harper. Volcker, who was Fed chairman from 1979 to 1987, is credited with ending an era of double-digit inflation by pushing short-term rates as high as 20 percent.
Regards,
Ted
https://www.bloomberg.com/news/articles/2018-10-24/volcker-recalls-another-time-the-fed-was-in-the-president-s-crosshairs?srnd=fixed-income
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