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Re:U.S. inflation reached a new four-decade high of 8.6% in May by everybodyknows on Friday June 10, 2022 @11:36AM (#31695638)
Volcker has recounted an incident in which he more or less walked out of a White House meeting with Reagan and James Baker, after Baker tried to order him to lower the discount rate.

https://www.businessinsider.com/ronald-reagan-fed-chair-volc...

Volcker also recalled telling Carter during his interview for the job that yes, he could stop inflation -- but then Carter would not be re-elected. Carter's reply was "Do it anyway."

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