Publisher's Synopsis
"The Politics of Money" discusses the evolution of Federal Reserve System (Fed) money management objectives and techniques during the tenure of Fed Chairman Alan Greenspan. Under Greenspan's Fed, the 1980s saw a shift from its previous policies under Chairman Paul Volker. In this discussion of Greenspan's first four years at the Fed, David Jones provides a perspective that gets inside the workings of the Greenspan Fed and lets the reader understand past, present and future Fed policy.;The central premise of the book is that the ability to understand and anticipate Fed policy shifts (and thereby interest rate movements) is indispensible to successful investor portfolio adjustments. This book illustrates the author's theory that understanding the Fed chairman is essential to understanding the Fed monetary policy process.
