Jimmy Carter's Inflation Challenge

Inflation was a significant issue during Jimmy Carter's presidency, inherited from previous administrations. Carter initially resisted using stringent measures such as wage and price controls, a strategy employed by Nixon, viewing it as an outdated and ineffective method for controlling inflation. Instead, he sought alternative solutions, promoting deregulation and supply-side policies aimed at boosting productivity. Over time, as inflation intensified, Carter's administration shifted its stance, eventually leading to the appointment of Paul Volcker as head of the Federal Reserve, who implemented aggressive interest rate hikes to tackle the escalating inflation crisis.