All right, let's take a look back at this day in history. July 25th, 1979. That's when President Jimmy Carter nominated Paul Bulker to lead the US Federal Reserve.It was a hasty choice sparked by Carter's own economic malaise speech just 10 days prior and a cabinet reshuffle that ensued in the days after. Hasty as it was, Vulkar would prove to be the right choice at a time when consumer inflation had doubled to 11% and rising. Now, Vulker, who had helped President Nixon devise a successor to the gold standa ...