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Books > Social sciences > Politics & government > Central government > Central government policies
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The Myth of Independence - How Congress Governs the Federal Reserve (Paperback)
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The Myth of Independence - How Congress Governs the Federal Reserve (Paperback)
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An in-depth look at how politics and economics shape the
relationship between Congress and the Federal Reserve Born out of
crisis a century ago, the Federal Reserve has become the most
powerful macroeconomic policymaker and financial regulator in the
world. The Myth of Independence marshals archival sources,
interviews, and statistical analyses to trace the Fed’s
transformation from a weak, secretive, and decentralized
institution in 1913 to a remarkably transparent central bank a
century later. Offering a unique account of Congress’s role in
steering this evolution, Sarah Binder and Mark Spindel explore the
Fed’s past, present, and future and challenge the myth of its
independence.
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