Inside the Fed by Stephen H. Axilrod
Monetary Policy and Its Management, Martin through Greenspan to Bernanke (MIT Press)

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Synopsis

An insider's account of the workings of the Federal Reserve, thoroughly updated to encompass the Fed's action (and inaction) during the recent financial meltdown.

Stephen Axilrod is the ultimate Federal Reserve insider. He worked at the Fed's Board of Governors for more than thirty years and after that in private markets and as a consultant on monetary policy. With Inside the Fed, he offers his unique perspective on the inner workings of the Federal Reserve System during the last fifty years. This new, post-financial meltdown edition offers his assessment of the Fed's action (and inaction) during the crisis and expanded coverage of the Fed in the Bernanke era.

Great leadership in monetary policy, Axilrod says, is determined not by pure economic sophistication but by the ability to push through political and social barriers to achieve a paradigm shift in policy—and by the courage and bureaucratic moxie to pull it off.

 

About Stephen H. Axilrod

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Stephen H. Axilrod is a former Staff Director for Monetary and Financial Policy and Staff Director and Secretary of the Federal Open Market Committee, Board of Governors of the Federal Reserve System
 
Published February 18, 2011 by The MIT Press. 234 pages
Genres: Business & Economics, Political & Social Sciences, Education & Reference, History. Non-fiction

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