Central banks around this time I think it was under the leadership of Paul Volker who was the Federal Reserve Chairman they raised interest rates to kill inflation and they threw the world into a huge recession.

在这个时期，中央银行,我认为正处于保罗？沃尔克的领导之下,保罗是美联储的主席,他们提升了利率来抵制通货膨胀,然而却将整个世界都卷入了一场巨大的经济衰退。

耶鲁公开课 - 金融市场课程节选

So we finally got tough and we got Paul Volker in there and central banks around the world all managed to get tough around that time and we killed inflation but it created a recession.

所以，我们最终强硬地实施,并且将保罗？沃尔克作为主席,世界各地的中央银行,全都在那段时期内严格的实施,最终我们消除了通货膨胀，却制造了经济衰退。

耶鲁公开课 - 金融市场课程节选