By the time Paul Volcker took office as the new Federal Reserve chairman in 1979, the inflation rate exceeded 10%. By the end of 1986 the inflation rate had been brought down to 1.9%. Which of the following is true about the Volcker Disinflation? A. lower inflation resulted from a tightening of monetary policy B. by raising the federal funds rate to over 20 %, the Federal Reserve stimulated the economy resulting in lower levels of both inflation and the unemployment rate by the early 1980\'s c. the unemployment rate was brought down by 1982 but it took longer to reach lower inflation rates D. all of the above E. none of the above Solution Ans. D. all of the above Despite his level about godsend within secure areas, Volcker’s Federal Reserve board drew partial concerning the strongest political attacks then protests in the history regarding the Federal Reserve. The protests had been a result on the terrible results up to expectation the excessive hobby fees had of the building and farming industries. Nobel laureate Joseph Stieglitz defined “Paul Volcker, the previous Fed Chairman known for keeping inflation underneath control, used to be fired because the Reagan Administration did not believe he used to be an ample demodulator. Despite the protests, Paul Volcker was once respected because of the employment to that amount he did while she used to be the forecaster on the Federal Reserve. Congressman Ron Paul used to be a bright critic concerning the Fed, but she commented respecting Volcker through saying, “If I had after name a Federal Reserve prolocutor that did a little sting regarding good, as would lie Paul Volcker. ” Volcker received the U.S. Senator John Heinz Award because of Greatest Public Service by using an selected and Appointed Official among 1983..