Biden and Powell Are No Match for Reagan and Volcker in the Fight Against Inflation

Biden and Powell Are No Match for Reagan and Volcker in the Fight Against Inflation
President Reagan meets with Paul Volcker, Chairman of the Federal Reserve Board in the Oval Office 7/16. Bettman/Getty Image
Thomas Del Beccaro
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Commentary
The Federal Reserve has finally awakened to the inflation crisis. Reported inflation is nearly as high now as it was when President Ronald Reagan took office—actual inflation may well be higher. Unlike today, the 1980s Federal Reserve Chairman Paul Volcker was determined to break the back of inflation—and one of the main reasons he succeeded was President Ronald Reagan.
Thomas Del Beccaro
Thomas Del Beccaro
contributor
Thomas Del Beccaro is an acclaimed author, speaker, former chairman of the California Republican Party, and Fox News, Fox Business, and Epoch Times opinion writer. He is author of the historical perspectives “The Divided Era” and “The New Conservative Paradigm” and is publisher of PoliticalVanguard.com, where he publishes daily commentaries.
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