In which decade did Volcker substantially lower inflation rates?
1980s
1990s
2000s
1970s
Answer
In the 1980s, Volcker implemented a series of aggressive monetary policies aimed at curbing the rampant inflation that had plagued the US economy for much of the 1970s. By significantly raising interest rates and reducing the money supply, Volcker's policies induced a recession but successfully brought down inflation rates, laying the groundwork for a period of economic stability and growth in the subsequent years.
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