3 ms·
Volcker has recounted an incident in which he more or less walked out of a White House meeting with Reagan and James Baker, after Baker tried to order him to lo
by everybodyknows 4y ago
Volcker has recounted an incident in which he more or less walked out of a White House meeting with Reagan and James Baker, after Baker tried to order him to lower the discount rate.
https://www.businessinsider.com/ronald-reagan-fed-chair-volcker-trump-2018-10?op=1 https://www.businessinsider.com/ronald-reagan-fed-chair-volc...
Volcker also recalled telling Carter during his interview for the job that yes, he could stop inflation -- but then Carter would not be re-elected. Carter's reply was "Do it anyway."