A term at the Fed
Subtitle: an insider's view
By: Laurence H. Meyer
Edition: 1st ed
Publisher: HarperBusiness
Published: 2004
Place of publication: New York
Language: eng
Number of pages: 264
Subjects: Board of Governors of the Federal Reserve System (U.S.); United States. -- Federal Open Market Committee; Federal Reserve banks; Monetary policy -- United States
Description: "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. [255]) and index