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Former Reserve Official Meyer's 'A Term at the Fed'

Cover of Laurence Meyer's 'A Term at the Fed'.
Cover of Laurence Meyer's 'A Term at the Fed'.

The workings of the Federal Reserve are often compared to the mysterious operations of a closed society. The Reserve Board's governors help set the pace -- and the tone -- for the U.S. economy. Its chairman, Alan Greenspan, is viewed as a fiscal oracle by many in the financial world, as he announces interest rate changes that ripple across global markets.

A new book may offer insights into the cloistered world of the Fed. Former Federal Reserve Governor Laurence Meyer's A Term at the Fed: An Insider's View balances macroeconomics with insider anecdotes to give an impression of Meyer's term, from 1996 to 2002.

NPR's Melissa Block talks with Meyer about the culture at the Fed, which Meyer calls "the world's most powerful institution."

Copyright 2022 NPR. To see more, visit https://www.npr.org.

As special correspondent and guest host of NPR's news programs, Melissa Block brings her signature combination of warmth and incisive reporting. Her work over the decades has earned her journalism's highest honors, and has made her one of NPR's most familiar and beloved voices.

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SOMOS CONNECTICUT is an initiative from Connecticut Public, the state’s local NPR and PBS station, to elevate Latino stories and expand programming that uplifts and informs our Latino communities. Visit CTPublic.org/latino for more stories and resources. For updates, sign up for the SOMOS CONNECTICUT newsletter at ctpublic.org/newsletters.

SOMOS CONNECTICUT es una iniciativa de Connecticut Public, la emisora local de NPR y PBS del estado, que busca elevar nuestras historias latinas y expandir programación que alza y informa nuestras comunidades latinas locales. Visita CTPublic.org/latino para más reportajes y recursos. Para noticias, suscríbase a nuestro boletín informativo en ctpublic.org/newsletters.

The independent journalism and non-commercial programming you rely on every day is in danger.

If you’re reading this, you believe in trusted journalism and in learning without paywalls. You value access to educational content kids love and enriching cultural programming.

Now all of that is at risk.

Federal funding for public media is under threat and if it goes, the impact to our communities will be devastating.

Together, we can defend it. It’s time to protect what matters.

Your voice has protected public media before. Now, it’s needed again. Learn how you can protect the news and programming you depend on.