Synopses & Reviews
Synopsis
A former vice-chairman of the Federal Reserve takes readers inside the mysterious organization and shows how decisions are made inside the Fed; how the Fed examines the U.S. and world economy as part of its decision-making process; how the Fed regulates the U.S. banking system; how readers can study reports from the Fed, in order to do their own financial planning.
Table of Contents
Pt. 1. Creating the money machine. Why care about the Fed? Your money and the Fed's role ; Cycling through time : learn how economic cycles impact your money ; How we got the Federal Reserve : step back in time to see how the Fed got started -- Pt. 2. The money machine's top dogs. Peek inside the FOMC : go behind the scenes of the Federal Open Market Committee ; Leading stars of the Fed : meet the Fed chairmen who made the Fed what it is today ; The other guys at the Fed : discover other key players at the Fed -- Pt. 3. The money machine's hidden powers. The New York Fed: the power behind the throne : learn about open market operations and other key roles unique to the New York Fed ; Your bank's bank : find out where your bank gets its banking services ; Going behind the scenes : meet the Fed staff and learn how it's organized ; Fedspeak : the secret language of money : learn how to read the clues in the Fed's mysterious messages -- Pt. 4. The money machine's key responsibilities. Getting down to regulations : find out about all the rules and regulations controlled by the Fed ; Lender of last resort : learn more about the Fed's role as lender in bank crisis situations ; Moving the markets : discover why when Alan Greenspan speaks markets listen ; The Fed's new roles : explore the Fed's new roles in the era of bank modernization ; Playing the numbers game : learn how the Fed makes use of its economic data collection -- Pt. 5. Sharing money power. Politics as usual : how the rest of Washington beats up on the Fed ; Going international : key players in the international banking community ; The regulators: other Washington money powers : meet the other key Washington money decision-makers -- Pt. 6. The money machine comes home. Developing our communities : find out how money flows into your community for economic development ; Protecting consumers : explore consumer protection laws managed by the Fed ; Are we saving enough? : find out if you are saving enough and how to protect the privacy of your assets -- Pt. 7. The money machine's future. The world of tomorrow : exploring the key issues facing the Fed in the future ; You, too, can work at the Fed : find out if you want to work at the Fed ; Can you advise the Fed? : learn how you can become involved in Fed decision-making.