21st Century Monetary Policy

The Federal Reserve from the Great Inflation to COVID-19

Narrated by George Guidall
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Pub Date 17 May 2022 | Archive Date 31 May 2022
RB Media, Recorded Books

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Description

21st Century Monetary Policy takes readers inside the Federal Reserve, explaining what it does and why.

In response to the COVID-19 pandemic, the Federal Reserve deployed an extraordinary range of policy tools that helped prevent the collapse of the financial system and the U.S. economy. Chair Jerome Powell and his colleagues lent directly to U.S. businesses, purchased trillions of dollars of government securities, pumped dollars into the international financial system, and crafted a new framework for monetary policy that emphasized job creation.

These strategies would have astonished Powell’s late-20th-century predecessors, from William McChesney Martin to Alan Greenspan, and the advent of these tools raises new questions about the future landscape of economic policy.

In 21st Century Monetary Policy, Ben S. Bernanke—former chair of the Federal Reserve and one of the world’s leading economists—explains the Fed’s evolution and speculates on its future. Taking a fresh look at the bank’s policymaking over the past seventy years, including his own time as chair, Bernanke shows how changes in the economy have driven the Fed’s innovations. He also lays out new challenges confronting the Fed, including the return of inflation, cryptocurrencies, increased risks of financial instability, and threats to its independence.

Beyond explaining the central bank’s new policymaking tools, Bernanke also captures the drama of moments when so much hung on the Fed’s decisions, as well as the personalities and philosophies of those who led the institution.

21st Century Monetary Policy takes readers inside the Federal Reserve, explaining what it does and why.

In response to the COVID-19 pandemic, the Federal Reserve deployed an extraordinary range of...


Advance Praise

"Suffused with high-stakes drama and clear thinking, this is one of the best accounts yet of the Fed’s tumultuous recent past. " --Publishers Weekly, starred review

"This impressive and accessible book will appeal to historians and educators as well as those who want to understand America’s finances from a historical perspective. " --Booklist, starred review

"Suffused with high-stakes drama and clear thinking, this is one of the best accounts yet of the Fed’s tumultuous recent past. " --Publishers Weekly, starred review

"This impressive and accessible...


Available Editions

EDITION Audiobook, Unabridged
ISBN 9781705070109
PRICE $34.99 (USD)
DURATION 16 Hours, 45 Minutes

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