Unbeknownst to many, the gift for the 43rd anniversary of marriage is entertainment; to stretch it further, this fall marks the 43rd anniversary of a pivotal event in the history of the Federal Reserve and the U.S. economy. While it may be more like watching a horror movie, the Fed has provided the markets with a lot of entertainment this year.
Paul Volcker, then-Chairman of the Fed, took decisive action on Oct. 6, 1979, to tame the Great Inflation, a period of out-of-control inflation that had been eroding economic strength since the mid-1960s.
Read more: Inflation Is Still Running Hot As US Producer Prices Rise: What You Need To Know
