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Greenspans Fed And The American Boom

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Perhaps the last Washington secret is how the Federal Reserve and its enigmatic chairman, Alan Greenspan, operate. In Maestro, Bob Woodward uses his proven interviewing and research techniques to take you inside the Fed and Greenspan's thinking. Woodward presents the Greenspan years as a gripping narrative, a remarkable portrait of a man who has become the symbol of American economic preeminence.
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  • Simon & Schuster | 
  • 288 pages | 
  • ISBN 9780743205627 | 
  • November 2001
List Price $18.99
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Read an Excerpt

Chapter 1

On the morning of Tuesday, August 18, 1987, Greenspan walked through the door of his private office and into the adjoining massive conference room at the vast marble Federal Reserve headquarters on Constitution Avenue in downtown Washington, D.C. He had been chairman of the Fed for less than one week. Gathering in the stately meeting room were the members of the Federal Open Market Committee (FOMC), which Greenspan now chaired.

The FOMC is an unusual hybrid consisting of 12 voting members -- all 7 Fed governors plus 5 of the 12 presidents from the Federal Reserve district banks around the country.

At its regularly... see more

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