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Lawrence R. Jacobs

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  • Fed Power: How Finance Wins | Lawrence R. Jacobs,Desmond King

    Fed Power: How Finance Wins

    • UNABRIDGED (7 hrs and 20 mins)
    • By Lawrence R. Jacobs, Desmond King
    • Narrated By Bob Reed
    • Whispersync for Voice-ready
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    The Federal Reserve is the most powerful central bank in the world. Without its central bank, America would be subject to devastating fluctuations in currency value and chronic economic instability. To stabilize the economy, the Fed adjusts interest rates and intervenes in the economy more directly when appropriate. According to most Fed observers, it as an impartial referee exercising its independence free from political interference in order to advance the best interests of America.

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