Money Monetary Policy

Download e-book for kindle: A Century of Monetary Policy at the Fed: Ben Bernanke, Janet by David E. Lindsey

By David E. Lindsey

ISBN-10: 1137578599

ISBN-13: 9781137578594

ISBN-10: 1349887579

ISBN-13: 9781349887576

A narrative historical past by way of a Fed insider of ways financial coverage is formed within the US, with distinctive emphasis at the performances of former Chairman Ben Bernanke and present Chairwoman Janet Yellen in dealing with the prelude, outbreak, and aftermath of the 2008 monetary crisis.

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Additional info for A Century of Monetary Policy at the Fed: Ben Bernanke, Janet Yellen, and the Financial Crisis of 2008

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4 The wording of the legislation also softened the emphasis on the real bills doctrine. In his review of the first volume, Michael Bordo noted that “Meltzer (p. ”5 And this was the act that had removed the two Treasury officials, including its Secretary, from the Board! 1 Chairmen of the Board of Governors, August 23, 1935, through January 31, 1970 Chairman Date of Term Marriner S. Eccles Thomas B. htm. 1 ● 35 Reports from FOMC Meetings: Past and Present Nomenclature Source: Deborah J. Danker and Matthew M.

John William Wright Patman (1893–1976) was the son of a poor sharecropper in rural Northeast Texas. After graduating from high school as valedictorian in 1912, he earned a law degree at Cumberland University in Lebanon, Tennessee in one year without any other college credits, again graduating first in his class. He was elected to the House of Representatives as a Democrat from Texas in 1928, where his work was all consuming. He went to the office seven days a week for ten hours a day. In his biography, historian Nancy Beck Young wrote: Patman combined two different political traditions—populism and liberalism .

Even so, Shlaes could pose the issue this way: “The big question about the American depression is not whether the war with Germany and Japan ended it. ”12 After the war began, as noted previously, the Fed fell completely under the thumb of the Treasury. 5 percent, with yields on intermediate maturity instruments in between. After the war ended in mid-August 1945, the Fed had considerable difficulty freeing itself from Treasury control. President Truman refused to reappoint Marriner Eccles as chairman when his third chairmanship expired in early February 1948, preferring the more compliant Thomas B.

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A Century of Monetary Policy at the Fed: Ben Bernanke, Janet Yellen, and the Financial Crisis of 2008 by David E. Lindsey


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