The Federal Reserve: A New History

"An ambitious history . . . [Hetzel's] book is a very important contribution to the literature on the history of U.S. monetary policy." ―EH.net

In The Federal Reserve: A New History, Robert L. 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. 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 r...