Maestro: Greenspan's Fed and the American Boom

Front Cover
Simon and Schuster, Nov 14, 2000 - Political Science - 272 pages
1 Review
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.

What people are saying - Write a review

LibraryThing Review

User Review  - carterchristian1 - LibraryThing

It is interesting to compare this book and Greenspan's later autobiography. He was a hero in both, but now we are left wondering. Well written in Woodward's usual style. Update, November 2010 But now ... Read full review

LibraryThing Review

User Review  - mortensengarth - LibraryThing

not only a look at Greenspan but the Fed, Maestro takes you on a lesson of fed operations and philosophy during the 90s while examining Greenspan. is he still alive? Read full review

Other editions - View all

Common terms and phrases

References to this book

All Book Search results »

About the author (2000)

Bob Woodward is an associate editor at The Washington Post, where he has worked for forty-four years. He has shared in two Pulitzer Prizes, first for The Washington Post’s 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.

Bibliographic information