Coverart for item
The Resource The Fed : the inside story of how the world's most powerful financial institution drives the markets, Martin Mayer

The Fed : the inside story of how the world's most powerful financial institution drives the markets, Martin Mayer

Label
The Fed : the inside story of how the world's most powerful financial institution drives the markets
Title
The Fed
Title remainder
the inside story of how the world's most powerful financial institution drives the markets
Statement of responsibility
Martin Mayer
Creator
Subject
Language
eng
Summary
The Fed has entered a new era, and hardly anyone understands the rules of its game. Where once it could control the economy by controlling what the banks did, it now must push directly on the markets. But how? Why do interest-rate changes sometimes move the markets as expected, and sometimes fail to have any effect? What else is the Fed doing that might affect asset prices and growth rates? The links between Fed decisions and market reactions have become far more complicated and confused than ever before. What is an investor to make of it? In The Fed, one of the world's best financial journalists offers a major new explanation of how the Fed works and how its world has changed. Martin Mayer is the bestselling author of The Bankers and The Bankers: The Next Generation, among many other books. He knows more about the banking system, the markets, and the Federal Reserve than anyone else writing today. The Fed is the first book to explain 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. For anyone who wants to know why Alan Greenspan is hailed as the second most powerful man in the United States, The Fed is essential reading. 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? These are just some of the questions answered in this wide-ranging, sharp, and entertaining book
Cataloging source
DLC
http://library.link/vocab/creatorDate
1928-
http://library.link/vocab/creatorName
Mayer, Martin
Dewey number
332.1/1/0973
Index
index present
LC call number
HG2563
LC item number
.M293 2001
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/subjectName
  • Board of Governors of the Federal Reserve System (U.S.)
  • Board of Governors of the Federal Reserve System
  • Board of Governors of the Federal Reserve System (États-Unis)
  • Board of Governors of the Federal Reserve System (U.S.)
  • USA
  • Federal Reserve system (États-Unis)
  • USA / Board of Governors of the Federal Reserve System
  • Monetary policy
  • Stock exchanges
  • Politique monétaire
  • Bourse
  • Monetary policy
  • Stock exchanges
  • United States
  • Geschichte
  • Bourse
  • Politique monétaire
Label
The Fed : the inside story of how the world's most powerful financial institution drives the markets, Martin Mayer
Link
Instantiates
Publication
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
Magician on the world stage -- Magician at home -- What is a central bank? -- Question of independence -- System and its risks -- American lender of last resort -- Age of invention -- Monetary policy in the maelstrom -- Disaster time -- Greenspan and the markets -- Internationally -- Payments franchise -- Supervisions -- Fed and the poor -- Fed in our future
Control code
ocm45879852
Dimensions
24 cm
Extent
xiii, 350 pages
Isbn
9780684847405
Lccn
2001023250
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
System control number
  • (Sirsi) o45879852
  • (OCoLC)45879852
Label
The Fed : the inside story of how the world's most powerful financial institution drives the markets, Martin Mayer
Link
Publication
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
Magician on the world stage -- Magician at home -- What is a central bank? -- Question of independence -- System and its risks -- American lender of last resort -- Age of invention -- Monetary policy in the maelstrom -- Disaster time -- Greenspan and the markets -- Internationally -- Payments franchise -- Supervisions -- Fed and the poor -- Fed in our future
Control code
ocm45879852
Dimensions
24 cm
Extent
xiii, 350 pages
Isbn
9780684847405
Lccn
2001023250
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
System control number
  • (Sirsi) o45879852
  • (OCoLC)45879852

Library Locations

    • Waubonsee: Sugar Grove Campus - Todd LibraryBorrow it
      Collins Hall 2nd Floor Waubonsee Community College Route 47 at Waubonsee Drive, Sugar Grove, IL, 60554-9454, US
      41.7974000 -88.45785
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