Paul Adolph Volcker14 March 1980
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.
United States of America · Economy / Federal Reserve. Chronological records rendered directly from the World History Database.
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.
This factsheet is generated from stored World History Database records matching the country, broad category, detailed category and exact Event value shown above. Duplicate display records are collapsed; database wording is otherwise preserved. Source provenance varies by record, so formal academic citation should be checked against the relevant primary source, archive or specialist historical reference.