The Fed
the inside story of how the world's most powerful financial institution drives the market
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Word Count
87,500 words, Guess
Page Count
350 pages
Identifiers
- Internet Archivefedinsidestoryof0000maye
- ISBN-10068484740X
- ISBN-139780684847405
- Goodreads2057130
- LibraryThing965511
and 3 more
- Library of Congress Control Number2001023250
- OCLC Control Number45879852
- Open LibraryOL17014550M
Classifications
- LCCHG2563 .M293 2001
- LCCHG 2563 M293 2001
Description
"In The Fed, Martin Mayer explains how the Fed works, how its world has changed, why all the old rules for Fed watchers are no longer operative, and what it is that investors must know to understand the Fed today. Mayer offers many behind-the-scenes stories from past and present Fed administrations, and he explains the overlooked significance of recent dramatic expansions in the Fed's powers and perks. Why does the Fed care about the difference between 30-year and 29-year bond yields? Why and how did the Fed join with its district banks in organizing the bailout of Long Term Capital Management? How was the age-old war between the Fed and the Comptroller of the Currency finally resolved in 1999? Why has the increased "sunshine" of announcing market interventions and posting proceedings of the Federal Open Market Committee not led to greater market stability? Why did Greenspan make the key decision of the Clinton boom years - to let the good times roll while unemployment sank to record lows - despite all historical evidence that it would be inflationary?"--BOOK JACKET.
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