Description
An in-depth look at how politics and economics shape the relationship between Congress and the Federal Reserve
Born out of crisis a century ago, the Federal Reserve has become the most powerful macroeconomic policymaker and financial regulator in the world. The Myth of Independence marshals archival sources, interviews, and statistical analyses to trace the Fed's transformation from a weak, secretive, and decentralized institution in 1913 to a remarkably transparent central bank a century later. Offering a unique account of Congress's role in steering this evolution, Sarah Binder and Mark Spindel explore the Fed's past, present, and future and challenge the myth of its independence.Author: Sarah Binder, Mark Spindel
Publisher: Princeton University Press
Published: 07/09/2019
Pages: 304
Binding Type: Paperback
Weight: 0.95lbs
Size: 8.80h x 5.60w x 1.00d
ISBN13: 9780691191591
ISBN10: 069119159X
BISAC Categories:
- Business & Economics | Money & Monetary Policy
- Political Science | Public Policy | Economic Policy
- Political Science | American Government | General
About the Author
Sarah Binder is professor of political science at George Washington University and senior fellow at the Brookings Institution. Her books include Advice and Dissent and Stalemate. Mark Spindel has spent his entire career in investment management at such organizations as Salomon Brothers, the World Bank, and Potomac River Capital, a Washington DC-based hedge fund he started in 2007.