San Antonio College Library

"In this book, economist Leonard Santow casts a steely eye on the Fed and its five most recent chairmen - Arthur Burns, G. William Miller, Paul Volcker, Alan Greenspan, and Ben Bernanke. Along the way, readers learn what function the Fed performs and why, how monetary policy differs from fiscal policy, which levers the Fed uses to change the money supply and control inflation, and more." "This is one of the few books to explain the inner workings...

The Federal Reserve Act of 1913 created the infrastructure for the modern American payments system. Probing the origins of this benchmark legislation, J. Lawrence Broz finds that international factors were crucial to its conception and passage. Until its passage, the United States had suffered under one of the most inefficient payment systems in the world. Serious banking panics erupted frequently, and nominal interest rates fluctuated wildly. Structural...

"The Federal Reserve - the central bank of the United States - is the most powerful peacetime bureaucracy in the federal government. Under the chairmanship of Alan Greenspan (1987-2006), the Fed achieved near mythical status for its part in managing the economy, and Greenspan was lauded as a genius. Few seemed to notice or care that Fed officials operated secretly with almost no public accountability. There was a courageous exception to this lack...

Written by Steven Beckner, a respected financial journalist who has covered the Fed for more than twenty years, Back From the Brink is a compelling and intricate portrait of the enigmatic Greenspan and the powerful institution he heads. In a gripping, blow-by-blow account of the Fed's role during the Greenspan years - perhaps "the most difficult time to make monetary policy in the Fed's 83-year history"--Beckner skillfully weaves the subtleties of...

Alphabetically arranged entries provide detailed information regarding the central bank of the United States, discussing such topics as the Great Depression, hyperinflation, and redlining.