On Saturday October 6, 1979, Paul Volcker held a special meeting of the Federal Open Market Committee (FOMC), the body that decides on monetary policy in the United States.
The meeting remained secret until that night when Volcker called a rare evening press conference. The concealment was
Want to read more? It's easy.
Choose your best value subscription option
Get instant access to this article now as part of our FREE two week trial.
Get two weeks free access to NBR’s Premium Online Subscription, which includes full access to all of NBR’s great content on any device.