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Editorial Reviews
From Publishers Weekly
Meyer was appointed to the Federal Reserve Board by President Clinton in 1996, and his term coincided with some of the most momentous economic events of the second half of the 20th century—the collapse of the Asian banking system, the implosion of the Russian economy and the birth and death of the so-called New Economy. Meyer was at the center of global financial policy making and witness to the inner workings of arguably the most powerful government agency in the world. Unfortunately, too much jargon and unrelated personal anecdotes clutter the text; Meyer stumbles from blithe personal asides ("I figured that if I didn't faint or throw up on the President, the nomination was mine"). He is strongest at summarizing complex macroeconomic theory and practice. His breezy style helps unlock the mystery of national monetary policy and global finance. A mystery unsolved is that of Fed Chairman Alan Greenspan, who is the central figure of the book. Though in close contact with him for six years, Meyer offers no more insight than one might find in a weekly news magazine. While broadly informative and certainly unique, the book represents an opportunity lost. Illus.
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.
From Booklist
Meyer served as a governor at the Federal Reserve Board, one of the most powerful financial institutions in the world, from June 1996 through January 2002. Led by chairman Alan Greenspan, the Fed determines monetary policy for the U.S., shaping the direction of the economy primarily through the control of interest rates. Meyer provides a rare inside look at the workings of the Fed, detailing actual discussions from FOMC meetings, where highly anticipated changes to the Federal Funds Rate are debated. (Transcripts from these meetings are sealed for five years.) Meyers was one of the more colorful and outspoken members of the Fed during his tenure. Called to a Senate hearing, he had no problem engaging in a loud outburst with a senator who vehemently disagreed with his views. Although his professional relationship with Greenspan was always quite supportive, the enigmatic chairman revealed little of his personal side to board members. The Fed is today's equivalent of a high priest temple, and Meyer manages to demystify the processes and coded language surrounding it. David Siegfried
Copyright © American Library Association. All rights reserved
Meyer was appointed to the Federal Reserve Board by President Clinton in 1996, and his term coincided with some of the most momentous economic events of the second half of the 20th century—the collapse of the Asian banking system, the implosion of the Russian economy and the birth and death of the so-called New Economy. Meyer was at the center of global financial policy making and witness to the inner workings of arguably the most powerful government agency in the world. Unfortunately, too much jargon and unrelated personal anecdotes clutter the text; Meyer stumbles from blithe personal asides ("I figured that if I didn't faint or throw up on the President, the nomination was mine"). He is strongest at summarizing complex macroeconomic theory and practice. His breezy style helps unlock the mystery of national monetary policy and global finance. A mystery unsolved is that of Fed Chairman Alan Greenspan, who is the central figure of the book. Though in close contact with him for six years, Meyer offers no more insight than one might find in a weekly news magazine. While broadly informative and certainly unique, the book represents an opportunity lost. Illus.
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.
From Booklist
Meyer served as a governor at the Federal Reserve Board, one of the most powerful financial institutions in the world, from June 1996 through January 2002. Led by chairman Alan Greenspan, the Fed determines monetary policy for the U.S., shaping the direction of the economy primarily through the control of interest rates. Meyer provides a rare inside look at the workings of the Fed, detailing actual discussions from FOMC meetings, where highly anticipated changes to the Federal Funds Rate are debated. (Transcripts from these meetings are sealed for five years.) Meyers was one of the more colorful and outspoken members of the Fed during his tenure. Called to a Senate hearing, he had no problem engaging in a loud outburst with a senator who vehemently disagreed with his views. Although his professional relationship with Greenspan was always quite supportive, the enigmatic chairman revealed little of his personal side to board members. The Fed is today's equivalent of a high priest temple, and Meyer manages to demystify the processes and coded language surrounding it. David Siegfried
Copyright © American Library Association. All rights reserved