Events

Volker Tightening 1979 to 1981

Volker Tightening 1979 to 1981

Full Name
Volker Tightening 1979 to 1981
Event Type

Fed Chairman Volker raised interest rates from 1979 to 1981 in order to stop inflation, even though it was expected to cause a recession.

  • Potentially caused two US recessions between 1980 and 1982