Volcker Sent Knockout Punch to Inflation / Almost Every Volcker Appearance in 1982 Resulted in Criticism
Neikirk, William R., THE JOURNAL RECORD
Marble is the perfect facade for the Federal Reserve Board's Washington headquarters. It feels cold, strong and distant. If one finds tourists trying to get into the building, it is because they are either lost, in search of a restroom, or very unusual sightseers. The Fed does not encourage casual visitors.
In 1982, the serenity of this place was shattered by the cacophony of farmers, car dealers, homebuilders, small-business men, small-town bankers and others, all seeking a letup in the high interest rates that were pushing them toward, if not into, bankruptcy.
Car dealers sent keys in coffins, and protesting farmers formed a ring around the building. …
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Publication information:
Article title: Volcker Sent Knockout Punch to Inflation / Almost Every Volcker Appearance in 1982 Resulted in Criticism.
Contributors: Neikirk, William R. - Author.
Newspaper title: THE JOURNAL RECORD.
Publication date: August 2, 1987.
Page number: Not available.
© 2009 THE JOURNAL RECORD.
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