Listen free for 30 days

  • The Power and Independence of the Federal Reserve

  • Written by: Peter Conti-Brown
  • Narrated by: Brian Holsopple
  • Length: 10 hrs and 40 mins
  • 2.5 out of 5 stars (2 ratings)

Pick 1 audiobook a month from our unmatched collection.
Listen all you want to thousands of included audiobooks, Originals, and podcasts.
Access exclusive sales and deals.
Premium Plus auto-renews for $14.95/mo + applicable taxes after 30 days. Cancel anytime.
The Power and Independence of the Federal Reserve cover art

The Power and Independence of the Federal Reserve

Written by: Peter Conti-Brown
Narrated by: Brian Holsopple
Try for $0.00

$14.95 a month after 30 days. Cancel anytime.

Buy Now for $31.27

Buy Now for $31.27

Pay using card ending in
By confirming your purchase, you agree to Audible's Conditions of Use and Amazon's Privacy Notice. Tax where applicable.

Publisher's Summary

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 clear picture of this uniquely important institution.

©2016 Princeton University Press (P)2016 Audible, Inc.

What listeners say about The Power and Independence of the Federal Reserve

Average Customer Ratings
Overall
  • 2.5 out of 5 stars
  • 5 Stars
    0
  • 4 Stars
    0
  • 3 Stars
    1
  • 2 Stars
    1
  • 1 Stars
    0
Performance
  • 3.5 out of 5 stars
  • 5 Stars
    1
  • 4 Stars
    0
  • 3 Stars
    0
  • 2 Stars
    1
  • 1 Stars
    0
Story
  • 3 out of 5 stars
  • 5 Stars
    0
  • 4 Stars
    1
  • 3 Stars
    0
  • 2 Stars
    1
  • 1 Stars
    0

Reviews - Please select the tabs below to change the source of reviews.