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We’re one of 12 regional Federal Reserve Banks working together with the Board of Governors to support a healthy economy. Our job is to serve the American public — to serve you. And our mission is to foster economic stability and strength.

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Economic Quarterly

Winter 1993

Interest Rate Policy and the Inflation Scare Problem: 1979-1992

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Institutional knowledge of Federal Reserve policy procedures, simple economic theory, and the inflation scare concept explain interest rate policy as practiced by the Fed since 1979. The focus is the primary policy problem during the period: the acquisition and maintenance of credibility for the commitment to low inflation.

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Lisa Davis (804) 697-8179

Economic Quarterly

Interest Rate Policy and the Inflation Scare Problem: 1979-1992

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