On July 25th, 1979, President Jimmy Carter nominated Paul Volcker to lead the U.S. Federal Reserve. Volcker was chosen at a time when consumer inflation had doubled to 11% and rising. Romaine Bostick talks more about Volcker's tenure and the importance of the Fed's independence on "The Close." -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit

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