When Paul Volcker became chair of the Fed in 1979, his primary commitment was to

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Paul Volcker's primary commitment was to reduce inflation. This was a major issue at the time, with inflation rates reaching double digits. Under Volcker's leadership, the Fed raised interest rates to combat inflation, leading to a painful but necessary recession. Ultimately, this helped to control inflation and stabilize the economy in the long run.

When Paul Volcker Became Chair of the Fed in 1979