The power and independence of the Federal Reserve
(Book)

Book Cover
Average Rating
Published
Princeton : Princeton University Press, [2016].
Physical Desc
xiv, 347 pages : illustrations ; 24 cm
Status
Spanish Springs Library - Adult Nonfiction
332.11 CONTI 2016
1 available

Description

Loading Description...

Also in this Series

Checking series information...

Copies

LocationCall NumberStatus
Spanish Springs Library - Adult Nonfiction332.11 CONTI 2016On Shelf

More Like This

Loading more titles like this title...

More Details

Published
Princeton : Princeton University Press, [2016].
Format
Book
Language
English

Notes

Bibliography
Includes bibliographical references (pages 277-339) and index.
Description
"The independence of the Federal Reserve is considered a cornerstone of its identity, crucial for keeping monetary policy decisions free of electoral politics. But do we really understand what is meant by "Federal Reserve independence"? Using scores of examples from the Fed's rich history, The Power and Independence of the Federal Reserve shows that much common wisdom about the nation's central bank is inaccurate. Legal scholar and financial historian Peter Conti-Brown provides an in-depth look at the Fed's place in government, its internal governance structure, and its relationships to such individuals and groups as the president, Congress, economists, and bankers. Exploring how the Fed regulates the global economy and handles its own internal politics, and how the law does--and does not--define the Fed's power, Conti-Brown captures and clarifies the central bank's defining complexities. He examines the foundations of the Federal Reserve Act of 1913, which established a system of central banks, and the ways that subsequent generations have redefined the organization. Challenging the notion that the Fed Chair controls the organization as an all-powerful technocrat, he explains how institutions and individuals--within and outside of government--shape Fed policy. Conti-Brown demonstrates that the evolving mission of the Fed--including systemic risk regulation, wider bank supervision, and as a guardian against inflation and deflation--requires a reevaluation of the very way the nation's central bank is structured. Investigating how the Fed influences and is influenced by ideologies, personalities, law, and history, The Power and Independence of the Federal Reserve offers a clear picture of this uniquely important institution"--,Provided by publisher.

Reviews from GoodReads

Loading GoodReads Reviews.

Citations

APA Citation, 7th Edition (style guide)

Conti-Brown, P. (2016). The power and independence of the Federal Reserve . Princeton University Press.

Chicago / Turabian - Author Date Citation, 17th Edition (style guide)

Conti-Brown, Peter, 1981-. 2016. The Power and Independence of the Federal Reserve. Princeton University Press.

Chicago / Turabian - Humanities (Notes and Bibliography) Citation, 17th Edition (style guide)

Conti-Brown, Peter, 1981-. The Power and Independence of the Federal Reserve Princeton University Press, 2016.

MLA Citation, 9th Edition (style guide)

Conti-Brown, Peter. The Power and Independence of the Federal Reserve Princeton University Press, 2016.

Note! Citations contain only title, author, edition, publisher, and year published. Citations should be used as a guideline and should be double checked for accuracy. Citation formats are based on standards as of August 2021.

Staff View

Loading Staff View.