Milton Friedman was chair of the Fed in 1980 and quickly brought inflation rates down.

Question

Quizplus · Accepted Answer

Milton Friedman was never the chair of the Fed. He was an influential economist and proponent of free-market capitalism who advocated for policies that could help curb inflation, but he never held an official position at the Federal Reserve. The chair of the Fed in 1980 was Paul Volcker, who implemented a series of monetary policies that helped to bring down inflation rates.

Milton Friedman Was Chair of the Fed in 1980 and Quickly