The Power and Independence of the Federal Reserve
By:Peter Conti-Brown
Published on 2017-10-10 by Princeton University Press
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 uniquely clear and timely picture of one of the most important institutions in the United States and the world.
This Book was ranked at 40 by Google Books for keyword independence.
Book ID of The Power and Independence of the Federal Reserve's Books is z3KYDwAAQBAJ, Book which was written byPeter Conti-Brownhave ETAG "1Xq582e6Bds"
Book which was published by Princeton University Press since 2017-10-10 have ISBNs, ISBN 13 Code is 9780691178387 and ISBN 10 Code is 0691178380
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Book which have "360 Pages" is Printed at BOOK under CategoryBusiness and Economics
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