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The Federal Reserve — the history of a powerful American institution.
IN THE NEWS:
Since last week, the Wall Street Journal and the New York Times have published an article nearly every day about inflation, which is now at a 13-year high. And it’s not just them. Google inflation and you’ll get a long list of articles from the likes of Forbes, Marketwatch.com, CNBC, and a host of others.
But one cannot speak of inflation without discussing the Federal Reserve, almost in the same breath. And the questions are simple: when will the Fed raise the interest rate? And by how much?
To better under the history of the Federal Reserve — this important and influential American institution — where it came from and how it got so powerful, we spoke with Roger Lowenstein, a financial journalist and writer. He has authored many bestselling books, including this one: “America’s Bank: THE EPIC STRUGGLE TO CREATE THE FEDERAL RESERVE.” Looks relevant, doesn’t it?
Here is the link to Mr. Lowenstein’s website, which includes a list of his numerous publications.
In our podcast conversation, Mr. Lowenstein engages us with his rich narrative of America’s love-hate relationship with central banks.
