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Greenspan's Fed and the American Boom

Maestro by Bob Woodward
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In eight Tuesdays each year, Federal Reserve chairman Alan Greenspan convenes a small committee to set the short-term interest rate that can move through the American and world economies like an electric jolt. As much as any, the committee's actions determine the economic well-being of every American. The availability of money for business or consumer loans, mortgages, job creation and overall national economic growth flows from those decisions. Perhaps the last Washington secret is how the Federal Reserve and its enigmatic chairman, Alan Greenspan, operate. In Maestro, Bob Woodward takes you inside the Fed and Greenspan's thinking. We listen to the Fed's internal debates as the American economy is pushed into a historic 10-year expansion while the world economy lurches from financial crisis to financial crisis. Greenspan plays a sometimes subtle, sometimes blunt behind-the-scenes role. He appears in Maestro up close as never before -- alternately nervous and calm, plunging into mathematics one moment and politics the next, skeptical, dispassionate, always struggling -- often alone.
Maestro traces a fascinating intellectual journey as Greenspan, an old-school anti-inflation hawk of the traditional economy, is among the first to realize the potential in the modern, high-productivity new economy -- the foundation of the current American boom. Woodward's account of the Greenspan years is a remarkable portrait of a man who has become the symbol of American economic preeminence.
Simon & Schuster; November 2000
272 pages; ISBN 9780743215374
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Title: Maestro
Author: Bob Woodward
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  • News
Wasted Words at Jackson Hole - Fortune
Fri, 26 Aug 2016 05:21:31 -0700
FortuneWasted Words at Jackson HoleFortune... driven interest rates over 20%. Volcker's success in conquering inflation ...
Bob Woodward Throws an Interception - New Yorker (blog)
Thu, 28 Feb 2013 12:41:27 -0800
New Yorker (blog)Bob Woodward Throws an InterceptionNew Yorker (blog)Woodward's 2000 book on Alan Greenspan, “Maestro,” ...
Fed chiefs gather for rare meeting - Tribune-Review
Thu, 07 Apr 2016 19:25:14 -0700
Fed chiefs gather for rare meetingTribune-ReviewHe was dubbed the “maestro” in a glowing book about his Fed stewardship by Bob ...