Why did Jimmy Carter appoint Paul Volcker as Fed Chair? [closed]

The Politicus
Mar 15, 2022 12:22 PM 0 Answers
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I associate tight money with Thatcher, and after Thatcher, Reagan (who I also associate with Thatcher). Therefore, it came as a surprise to learn that it was Jimmy Carter who appointed Volcker - who I also associate with tight money - as Fed Chair.

I understand that Jimmy Carter had to appoint somebody in a hurry, since his emergency inflation reshuffle - that I've learnt from my research - but why the choice of Volcker?

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