U.S. monetary policy in the early 1980s reduced the inflation rate by more than half.

Name: U.S. monetary policy in the early 1980s reduced the inflation rate by more than half.
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In the early 1980s, the Federal Reserve, under Chairman Paul Volcker, implemented a tight monetary policy to combat high inflation, significantly increasing interest rates. This policy successfully reduced the inflation rate from double digits in the late 1970s and early 1980s to around 4% by the mid-1980s.

US Monetary Policy in the Early 1980s Reduced the Inflation