Another Volcker Moment? JPMorgan Expects String of Nine Straight Fed Rate Hikes (Shock And Awful??)
by confoundedinterest17 In August 1979, when Paul Volcker became chairman of the Federal Reserve Board, the annual average inflation rate in the United States was 11%. Inflation peaked in 1980 at 14.6%. Volcker raised the federal funds rate from 11.2% in 1979 …