Windows speaker control doesn’t work. Would like to monitor recording, but at lower volumn
See if there’s anything in here.
I got around that by having a separate speaker system with its own volume control. My soundcard is always at 100% and I always get perfect recordings. If you don’t do that, you have the soundcard trying to do two things at once, make a recording of on-line content and set the speaker volume.
Exactly what you are recording? Are you choosing the correct playback device in Audacity’s Device Toolbar?
You should be able to use the Audacity Mixer Toolbar:
to adjust the playthrough volume of the playback device chosen in Device Toolbar.