Saturday Night Special
10/06/1979 AD decreed
Soon after becoming chairman, Paul Volcker's federal reserve increased the Fed Funds rate from 11% to 12% during the weekend t in an effort to reduce inflation.
However, this action would ultimately become a major cause of the S&N Crisis.
Washington, D.C.
Lattitude: 38.9072° N
Longitude: 77.0369° W
Region: North America
Modern Day United States
Lattitude: 38.9072° N
Longitude: 77.0369° W
Region: North America
Modern Day United States
Subjects Who or What decreed?
-
Federal Reserve (Federal Reserve System, the Fed) The central banking syst...
Events in 1979 MORE
