Volcker: A Portrait of the Money Man - Hardcover

Neikirk, William R.

9780865531789: Volcker: A Portrait of the Money Man

Hardcover

ISBN 10: 0865531781 ISBN 13: 9780865531789

Publisher: Congdon & Weed, 1987

This portrait of the Chairman of the Federal Reserve Board discusses his personal life as well as the billion-dollar decisions he routinely makes and the worldwide economic repercussions of such decisions

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From Publishers Weekly:

The U.S. Federal Reserve Board is a quasi-independent and nonpartisan arm of the Federal government that seeks to stabilize the economy by buying or selling Treasury securities and/or foreign currencies and by lending funds to business at varying interest rates in order to head off inflation or impending recession. Thus, a strong "Fed" chairman such as the recently retired Paul Volker can greatly affect the people's fortunes. Chicago Tribune Washington correspondent Neikirk here describes Volker's conventional New Jersey family background and chronicles his gradual rise in importance as a banker and as a government official in the Kennedy, Johnson, Nixon, Carter, Ford and Reagan administrations. Most notable are Volker's risky but ultimately successful "tight-money" program at the "Fed" to which he held firm despite soaring interest rates to curb inflation in the early 1980s, his role in the Nixon dollar devaluation of 1971 and his emergency action in Mexico's OPEC-oil debt crisis of 1973. $50,000 ad/promo; 50,000 first printing.
Copyright 1987 Reed Business Information, Inc.

From Library Journal:

The Federal Reserve Board is the most important financial institution in the country. Its chairman is in a position to control the nation's monetary policy and therefore its economic growth. No chairman in recent times has performed with more flair than Volcker, a controversial figure who has been credited with solving the inflation that threatened our economy in the 1970s. This highly readable survey of Volcker's public life portrays him as a fiercely independent policymaker who had an uncanny understanding of financial economics and who earned the trust of money markets around the world. A timely book, recommended for all academic and large public libraries. M. Balachandran, Univ. of Illinois Lib., Urbana-Champaign
Copyright 1987 Reed Business Information, Inc.

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