Volcker Becomes Federal Reserve Chairman
Paul Volcker begins his term as Federal Reserve chairman with inflation running at damaging levels, setting the stage for a major change in the conduct of monetary policy.
Role range: 1979-1987
Historical biography archive · Updated 2026-11-03
Paul Adolph Volcker Biography and Timeline
Follow Paul Adolph Volcker through 3 dated historical records for United States of America.
Paul Adolph Volcker, historical timeline
A chronological timeline drawn from matching World History Database records.
3Distinct records
1 of 1Page
1979–1980Years on this page
1979
New Operating Procedures Against Inflation
After an unscheduled meeting, Volcker announces a shift toward controlling bank reserves rather than closely targeting the federal funds rate, a major anti-inflation change that permits interest rates to move much more widely.
Role range: 1979-1987
1980
Credit Control Program
With presidential approval, the Federal Reserve imposes a broad credit-control program that includes special reserve requirements and restraints intended to curb rapidly expanding credit and inflationary pressures.
Role range: 1979-1987
Records, sources and methodology
These dates and descriptions come from the historical_events database. Exact duplicate records have been collapsed. Names are grouped by the country, Name 2 and Name 1 fields; records with missing Name 2 cannot be reliably assigned to an individual biography. Check the underlying sources before formal citation.