Carter speech on inflation

35th Anniversary of Jimmy Carter’s Anti-Inflation Speech to the American People

October 24, 2013

The background to Jimmy Carter’s infamous speech on inflation, delivered October 24, 1978, was a four-percentage point rise in U.S. CPI inflation from 4.9% in December 1976, the month before his inauguration, to 8.9% in October 1978.  After asking rhetorically how to reverse inflation, the former president admitted, “I do not have all the answers. […] More