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Imagining the Fed
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Imagining the FedTraces the six decade struggle for power within the Federal Reserve System from the perspective of the central bankers who shaped the Fed. Imagining the Fed traces a six decade struggle to shape the Federal Reserve's policymaking organs, the Washington based Board and the Federal Open Market Committee. Conventional wisdom holds that Congress ended the system's struggle in 1935 by granting the Board a voting majority on the open market committee,
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