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1970s inflation

How the Federal Reserve's inflation fight today compares with the '70s and '80s

by Sabri Ben-Achour , Nancy Marshall-Genzer and Ariana Rosas
Jun 12, 2024
Decades ago, the Fed was battling double-digit inflation, and Chair Paul Volcker took aggressive action that drove interest rates way up.
As Fed chair, Paul Volcker aggressively fought raging inflation, driving interest rates far higher than they are today. Above, Volcker in 2005.
Mario Tama/Getty Images
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