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A comment on Federal Reserve to increase interest rates by 50 basis points. Parent comment

Re:Federal Reserve to increase interest rates by 50 basis po... by hyperpape on Wednesday December 14, 2022 @03:18PM (#33989789)
Paul Volcker's Fed raised rates from 11.2% to 20%, which is widely credited as a major cause of the 1980-1982 recession. https://en.wikipedia.org/wiki/Paul_Volcker#Chairman_of_the_F...
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Re:Federal Reserve to increase interest rates by 50 basis po... by ww520 on Wednesday December 14, 2022 @03:26PM (#33989962)
Paul Volcker was widely credited for stopping the rampant high inflation of the 70's. Volcker is one of the greatest Fed chairs around.
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Re:Federal Reserve to increase interest rates by 50 basis po... by AnimalMuppet on Wednesday December 14, 2022 @03:20PM (#33989836)
And of breaking the back of the inflation that we had in the 1970s.
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