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The narrative explores the economic landscape of the late 1990s boom and the subsequent recession of 2003, attributing the downturn to the Federal Reserve's interest rate hikes aimed at curbing "irrational exuberance." It critiques the Fed's historical role in economic crises, including the Great Depression, and examines its frequent policy missteps. The book also offers solutions for individuals to safeguard their finances against the repercussions of Federal Reserve decisions, providing insights into personal financial protection strategies.
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The Federal Reserve Board, John Shannon
- Language
- Released
- 2005
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- Title
- The Federal Reserve Board
- Subtitle
- The Wizards of 0Z: The Men Behind the Curtain
- Language
- English
- Authors
- John Shannon
- Publisher
- AuthorHouse
- Publisher
- 2005
- Format
- Paperback
- Pages
- 120
- ISBN13
- 9781420865004
- Category
- Business and Economics
- Description
- The narrative explores the economic landscape of the late 1990s boom and the subsequent recession of 2003, attributing the downturn to the Federal Reserve's interest rate hikes aimed at curbing "irrational exuberance." It critiques the Fed's historical role in economic crises, including the Great Depression, and examines its frequent policy missteps. The book also offers solutions for individuals to safeguard their finances against the repercussions of Federal Reserve decisions, providing insights into personal financial protection strategies.