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The Myth of Independence: How Congress Governs the Federal Reserve - Couverture souple

Binder, Sarah; Spindel, Mark

 
9780691191591: The Myth of Independence: How Congress Governs the Federal Reserve

Synopsis

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.

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À propos de l'auteur

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.

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