A term at the Fed
A term at the Fed: an insider's view Laurence H. Meyer
Publisher: New York : HarperBusiness, c2004.
ISBN: 0060542705
DDC: 332.110973
LCC: HG2563
Summary:
"As a governor of the Federal Reserve Board from 1996 to 2002,
Laurence H. Meyer helped make the economic policies that steered the
United States through some of the wildest and most tumultuous times
in its recent history. Now, in A Term at the Fed, Governor Meyer
provides an insider's view of the Fed, the decisions that affected
both the U.S. and world economies, and the challenges inherent in
using monetary policy to guide the economy." "When Governor Meyer was
appointed by President Clinton to serve on the Federal Reserve Board
of Governors in 1996, the United States was entering one of the most
prosperous periods in its history. It was the time of "irrational
exuberance" and the fabled New Economy. Soon, however, the economy
was tested by the Asian financial crisis, the Russian default and
devaluation, the collapse of Long-Term Capital Management, the
bursting of America's stock bubble, and the terrorist attacks of
9/11." "In what amounts to a definitive playbook of monetary policy,
Meyer now relives the Fed's closed-door debates - debates that
questioned how monetary policy should adapt to the possibility of a
New Economy, how the Fed should respond to soaring equity prices, and
whether the Fed should broker the controversial private sector
bailout of LTCM, among other issues. Meyer weaves these issues with
firsthand stories about the personalities involved, from Fed Chairman
Alan Greenspan to the various staffers, governors, politicians, and
reporters that populate the world of the Fed."--BOOK JACKET.
Notes:
Includes bibliographical references (p. [233]-[255]) and index.
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