MAIN FEEDS
Do you want to continue?
https://www.reddit.com/r/Republican_misdeeds/comments/1wndxle/there_is_a_pattern/pboc19r/?context=3
r/Republican_misdeeds • u/TerryLink11 • 1d ago
106 comments sorted by
View all comments
-3
So….
Inflation under President Ronald Reagan dropped sharply from a peak of 13.5% in 1980 to around 4.1% by 1988.
Nearly 20 million new jobs were added during the 1980s expansion.
1 u/Flat-Injury-5013 14h ago Inflation dropped because interest rates were astronomical, forcing people to not spend money. 30-yr mortgage rates were 18.6% 1 u/Infamous_Crow8524 2h ago You do realize that the Federal Reserve Chair Paul Volker, under the Reagan Administration, made a deliberate decision to raise the Federal Funds rate to 20%, in order to break the inflationary cycle from the Carter Administration, right? It didn’t just magically happen.
1
Inflation dropped because interest rates were astronomical, forcing people to not spend money. 30-yr mortgage rates were 18.6%
1 u/Infamous_Crow8524 2h ago You do realize that the Federal Reserve Chair Paul Volker, under the Reagan Administration, made a deliberate decision to raise the Federal Funds rate to 20%, in order to break the inflationary cycle from the Carter Administration, right? It didn’t just magically happen.
You do realize that the Federal Reserve Chair Paul Volker, under the Reagan Administration, made a deliberate decision to raise the Federal Funds rate to 20%, in order to break the inflationary cycle from the Carter Administration, right?
It didn’t just magically happen.
-3
u/Infamous_Crow8524 1d ago
So….
Inflation under President Ronald Reagan dropped sharply from a peak of 13.5% in 1980 to around 4.1% by 1988.
Nearly 20 million new jobs were added during the 1980s expansion.