Question

Under President Carter, the Federal Reserve
raised interest rates in an attempt to slow down inflation.
lowered interest rates in an attempt to help the economy.
increased discrimination against borrowers.
decreased wages paid to federal workers.

Answer 1

raised interest rates in an attempt to slow down inflation.

Explanation: President Carter appointed Paul Volcker as Fed Chair (1979). Volcker pursued tight monetary policy, sharply raising interest rates to break the high inflation of the late 1970s/early 1980s.