Bets on the Next Fed Chair: A History of Speculation Gone ...
%10-year Treasury yieldEffective Federal Funds rate1979’80’81’826.08.010.012.014.016.018.020.022.024.0Paul Volcker sworn in as Fed chairman. As inflation soared Mr. Volcker stayed true to forecasts, and short-term rates peaked at 22%, the highest ever, pushing the U.S. into double-dip recessions. ................
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