what-was-the-primary-tool-used-by-paul-volcker-to-achieve-disinflation-during-hi

Question

What was the primary tool used by Paul Volcker to achieve disinflation during his tenure as Chairman of the Federal Reserve?

Accepted Answer

Raising interest rates to reduce the money supply.

Answer

Increasing government spending.

Answer

Implementing wage and price controls.

Answer

Lowering taxes to stimulate economic growth.