Sentences with phrase «control runaway inflation»

As the network notes, El - Erian has previously called the policy a «reverse Volcker moment,» in reference to former Fed Chairman Paul Volcker, who raised rates and deliberately put the nation into recession in the early 1980s to control runaway inflation.

Not exact matches

The situation can quickly spiral out of control, resulting in higher interest rates and runaway inflation.

A little inflation is OK, but the Fed wants to prevent runaway inflation which is much harder to control.