Fed's Greenspan on monetary policy after Oct 1979

In ae speech on 'Monetary policy twenty-five years after October 1979' given on 7 October, Federal Reserve chairman Alan Greenspan praised former central bank chief Paul Volcker's "decisive action" against rising prices at a landmark meeting of the Federal Open Market Committee in October 1979.

Greenspan's comments came at a conference organised by the Federal Reserve Bank of St. Louis to commemorate the decision the Fed made in October 1979 to take steps to push short-term interest rates as

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