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Carter Nominates Volcker To Lead Feb | On This Day
Posted
July 25, 2025
Views
1,870
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11
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6
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0.91%
July 25, 2025
1,870
11
6
0.91%
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2:26Now PlayingOn July 25th, 1979, President Jimmy Carter nominated Paul Volcker to lead the U.S. Federal Reserve. Volcker was chosen at a time when consumer inflation had doubled to 11% and rising. Romaine Bostick talks more about Volcker's tenure and the importance of the Fed's independence on "The Close."
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