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A Century of Monetary Policy at the FedIntroducing the Book

A Century of Monetary Policy at the Fed: Introducing the Book [In December 1965, the US central bank, the Federal Reserve or “Fed,” unexpectedly raised the interest rate it charged on loans to banks by a half percentage point. President Lyndon Johnson was not pleased. “Those Marble Tower Boys!” was his derisive comment.1] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

A Century of Monetary Policy at the FedIntroducing the Book

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Publisher
Palgrave Macmillan US
Copyright
© The Editor(s) (if applicable) and The Author(s) 2016
ISBN
978-1-349-88757-6
Pages
1 –15
DOI
10.1007/978-1-137-57859-4_1
Publisher site
See Chapter on Publisher Site

Abstract

[In December 1965, the US central bank, the Federal Reserve or “Fed,” unexpectedly raised the interest rate it charged on loans to banks by a half percentage point. President Lyndon Johnson was not pleased. “Those Marble Tower Boys!” was his derisive comment.1]

Published: Jan 29, 2016

Keywords: Monetary Policy; Central Bank; Federal Reserve; Federal Fund Rate; Free Banking

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