Maestro: Greenspan's Fed and the American Boom

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Simon and Schuster, Nov 14, 2000 - Political Science - 272 pages
24 Reviews
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.
  

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Review: Maestro: Greenspan's Fed and the American Boom

User Review  - Eric - Goodreads

While other reviewers point out that this book is outdated, I think it still has tremendous value today. The Federal Reserve is so important to US economic activity, and the worlds', that reading ... Read full review

Review: Maestro: Greenspan's Fed and the American Boom

User Review  - JJ Arias - Goodreads

This is the first Bob Woodward book I've read, and I'm not crazy about his writing. It seems very simple, but not Hemingway-simple. I try to take the recreations of conversations with a grain of salt ... Read full review

Contents

Preface
13
Chapter
15
Epilogue
226
Notes
235
Chapter 1
236
Chapter 6
243
Chapter 8
249
Acknowledgments
255
Copyright

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About the author (2000)

Bob Woodward is an associate editor at The Washington Post, where he has worked for forty-one years. He has shared in two Pulitzer Prizes, first for The Washington Postís coverage of the Watergate scandal, and later for coverage of the 9/11 terrorist attacks. He has authored or coauthored twelve #1 national nonfiction bestsellers. He has two daughters, Tali and Diana, and lives in Washington, DC, with his wife, writer Elsa Walsh.

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