Like the '20s of the 21st century, the '70s of the 20th century had an inflation problem. The problem persisted throughout the decade; indeed, it wor ...

Arthur Burns argued vociferously against it ... particularly to television. President Nixon expressed grave concern that if he gave his speech during prime time on Sunday, he would preempt ...

This is a tale of a president pressuring the head of the central bank for political reasons. Burns fights it, then capitulates, and it lays the foundation for later inflation.

Federal Reserve Chair Arthur Burns once referred to Nixon as “a man of great intelligence and ability,” but not a “strong” man. The president was thoughtful and deeply emotional ...

Nixon convinced then-Fed Chairman Arthur Burns to keep interest rates low, leading to nearly a decade of economic problems. US President Donald Trump once again broke with White House convention ...