There's a theory that changing regulation Q to uncap interest rates on savings accounts had more to do with ending stagflation than the fed funds rate hikes. I

There's a theory that changing regulation Q to uncap interest rates on savings accounts had more to do with ending stagflation than the fed funds rate hikes. I'm not smart enough to fully evaluate if that's true, but it was an interesting theory to me at least. https://cepr.org/voxeu/columns/what-really-drives-inflation https://cepr.org/voxeu/columns/what-really-drives-inflation