He does deserve some credit, but 1979 was a total mess for the growth, inflation, the dollar. Nominating a credible Fed chair to fight inflation was both a risk and politically expedient in the short term. Trying to build some economic credibility at the risk those policies slowing growth.
He does deserve some credit, but 1979 was a total mess for the growth, inflation, the dollar. Nominating a credible Fed chair to fight inflation was both a risk and politically expedient in the short term. Trying to build some economic credibility at the risk those policies slowing growth.