<div class='quotetop'>QUOTE(Mirza @ Feb 8 2007, 12:27 PM) [snapback]387036[/snapback]</div> Appointed by Jimmy Carter, did what Carter asked him to do (broke the back of the spiraling inflation of the time), had the spine to raise interest rates to (as I recall) 21% on the prime rate rather than take the easier course to allow us to slide into hyperinflation. In my opinion, the best Fed chair in modern history by a longshot. When faced with a tough choice, he chose "some pain now rather than greater pain later". So his stand is unsurprising. Good of him to go public with this.
