The Fed: The Inside Story How World's Most Powerful Financial Institution Drives Markets
| Author | : | |
| Rating | : | 4.72 (736 Votes) |
| Asin | : | 0452283418 |
| Format Type | : | paperback |
| Number of Pages | : | 352 Pages |
| Publish Date | : | 2016-01-17 |
| Language | : | English |
DESCRIPTION:
Mayer is a guest scholar at the Brookings Institution, a regular contributor to The Wall Street Journal, and a popular columnist for OnMoney. About the Author Martin Mayer is a premier financial journalist with more than thirty books to his credit, including The Bankers and The Greatest-Ever Bank Robbery.
Interest in Alan Greenspan and the Federal Reserve Board has never been greater and veteran financial journalist Martin Mayer delivers a first rate explanation of how the Fed works and how its decisions drive financial markets. The Fed has entered a new era, and few understand the rules of its game. What brought about this sweeping change? Why do interest-rate changes sometimes move the markets as expected and other times fail to have any effect? How else do Fed decisions affect us? Offering behind the scenes stories from past and present Fed administrations and explaining the significance of the recent expansion in the Fed's power and perks, Martin Mayer, one of the world's best financial jou
D. F. Bailey said The Fed: The Inside Story of How the World's Most Powerful Financial Institution Drives the Markets. The invention of money is surely one of our more fascinating achievements. Money inevitably generates credit, and credit creates the uncertainty of risk. Risk, of course, is an open entity whose most extreme manifestation is chaos and destruction.National financial risk management was contrived to prevent the chaos of a monetary end-game, the sort of disasters. For and By the 1% Judah This book was written in 2001, and after nearly a decade of middle class recession in the USA, I was hoping for an insight into how the FED could let that happen. Instead all I got was a densely written history (with occasional politics) telling me how good the FED is for the elite and wealthy. I was not impressed.This book is not about how the FED's actions l. "Not for the uninitiated" according to consumer. I can't imagine anyone not in the banking or investment community enjoying, much less understanding, this book. I found no concise and understandable explanations of economic concepts necessary for one to form their own conclusions about the events and actions described. To the extent that banks in general and the fed in particular engage in obfuscation, this
Mayer is a guest scholar at the Brookings Institution, a regular contributor to The Wall Street Journal, and a popular columnist for OnMoney. . Martin Mayer is a premier financial journalist with more than thirty books to his credit, including The Bankers and The Greatest-Ever Bank Robbery