Comparing periods in which the Fed stabilized the economy to those when it did the opposite, Hetzel tells the story of a century-long pursuit of monetary rules capable of providing for economic stability. Hetzel draws on more than forty years of experience as an economist in the central bank to trace the influences of the Fed on the American economy. In The Federal Reserve: A New History, Robert L. An illuminating history of the Fed from its founding through the tumult of 2020. Comparing periods in which the Fed stabilized the economy to those when it did the opposite, Hetzel tells the story of a century-long pursuit of monetary rules capable of providing for economic stabi.
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