Fed Chairs and the Unemployment Rate

Nothing deep here, just an interesting chart. A lot depended on where the business cycle was when a Fed chair when he arrived and what needed to be done in the world of Fed money manipulation.

Unemployment was very high for part of the Volcker regime, but he did the most to kill a very rapid price inflation. Yellen really got to coast, a recession had ended and price inflation was low.

Chart via Ed Yardeni

  -RW