Why was the prime rate so high in 1980?

Related questions

1. How is the WSJ Prime Rate calculated?
2. WHO publishes prime rate?
3. Is prime rate going up?
4. What was February 2018 prime rate?
5. What is the current Fed rate?
6. What is prime rate tied to?
7. What was prime rate 2013?
8. What is the highest prime rate in history?
9. How often does the WSJ Prime Rate Change?
10. Will mortgage rates go down in 2019?

Tags

1. #early
2. #topped
3. #interest
4. #market
5. #unlike
6. #negative
7. #drove
8. #waging
9. #result
10. #central
11. #double
12. #rates
13. #1980s
14. #housing
15. #effect
16. #digit
17. #inflation
18. #reserve
19. #federal
20. #higher
21. #effort
22. #today
23. #mortgage