Which president renominated Volcker as Fed chairman?
George H. W. Bush
Bill Clinton
Ronald Reagan
Jimmy Carter
Answer
President Ronald Reagan, who assumed office in 1981, renominated Paul Volcker as the Chairman of the Federal Reserve. This decisive move demonstrated Reagan's unwavering trust and support for Volcker's leadership in guiding the nation's monetary policy. By retaining Volcker, Reagan ensured the continuity of the Federal Reserve's efforts in combating the persistent economic challenges of the time, including high inflation and fluctuating interest rates.
Mastering the Volcker Legacy: The Ultimate Paul Volcker Quiz
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