MAESTRO: Greenspan's Fed and The American Boom

New York, NY, U.S.A.: Simon & Schuster, 2000. First Edition, First Printing 1st Printing. Hardcover. As New/Fine. 8vo - over 7¾" - 9¾" tall. On eight Tuesdays each year, Federal Reserve chairman Alan Greenspan convenes a small committee to set the short-term interest rate that can move through the American and world economies like an electric jolt. As much as any, the committee's actions determine the economic well-being of very American. The availability of money for business or consumer loans, mortages, job creation and overall national economic growth all flows from those decisions. Perhaps the last Washington secret is how the Federal Reserve and its enigmatic chairman, Alan Greenspan, operate. Greenspan appears in MAESTRO up close as never before--alternately nervous and calm, plunging into mathematics one moment and politics the next, skeptical, dispassionate, always struggling--often alone. MAESTRO traces a fascinating intellectual journey as Greenspan, an old-school anti-inflation hawk of the traditional economy, is among the first to realize the potential in the modern, high-productivity new economy--the foundation of the current American boom. Woodward presents the Greenspan years, 1987-2000, as a gripping narrative, a remarkable portrait of a man who has become the symbol of American economic preeminence. As new, in fine, mylar-protected dust jacket. NFBS1