Kevin Warsh's Rate Hikes Revive The Paul Volcker Myth Paul Volcker's brutal rate hikes in the 1980s are a cautionary tale for policymakers facing contemporary inflation concerns.
The similarity between these two periods lies not just in the economic context but also in the efforts of those at the helm, particularly Kevin Warsh as Fed Chairman.
Understanding the Context of Paul Volcker and Kevin Warsh ===================================================== Paul Volcker's tenure as Federal Reserve Chairman from 1979 to 1987 is synonymous with drastic measures taken to combat inflation.