Under which President did Volcker serve as Chairman of the Federal Reserve?
Barack Obama
Ronald Reagan
Jimmy Carter
George H.W. Bush
Answer
**Jimmy Carter appointed Paul Volcker as Chairman of the Federal Reserve in 1979.** Volcker's tenure is best known for his aggressive efforts to combat inflation, which included tight monetary policies that caused high interest rates and a recession. Despite the economic hardships during his tenure, Volcker's efforts are widely credited with ultimately lowering inflation and strengthening the U.S. economy in the long run.
Mastering the Volcker Legacy: The Ultimate Paul Volcker Quiz
More Questions
What position did Volcker hold from 1975 to 1979?
Which president renominated Volcker as Fed chairman?
Why is Volcker's tenure as Chairman often referred to as the'Volcker shock'?
Who did President Jimmy Carter nominate for Volcker to succeed as Fed Chairman?
What year did Paul Volcker and Hockey start their career at the Federal Reserve?
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