The Fed : the inside story of how the world's most powerful financial institution drives the markets
"In The Fed, Martin Mayer explains how the Fed works, how its world has changed, why all the old rules for Fed watchers are no longer operative, and what it is that investors must know to understand the Fed today. Mayer offers many behind-the-scenes stories from past and present Fed administrations, and he explains the overlooked significance of recent dramatic expansions in the Fed's powers and perks. Why does the Fed care about the difference between 30-year and 29-year bond yields?
Print Book, English, ©2001, 2002
Plume, New York, ©2001, 2002