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5.0 out of 5 stars An excellent guide .., November 22, 2010
This review is from: Fed Watching: Making Sense of Market Information (Financial Times Series) (Paperback)
I bought the book 6 years ago and just started to read it recently (2010).. to my greatest regret, I should have done the reading much earlier...

After reading the book, my understanding of Fed operation has increased substantially. The author knows its subjects very well and the examples given in the book have substantially clarify certain confusing notion that plague me for many years.

Since Fed is only game in town after 2008 crisis, I recommend anyone who needs to really know about Fed operation to read this book.

Although the edition of the book is about 9 year old (1999), its contents is still relevant.

The draw-back, which I consider minor, is the book does not cover Quantitative easing (QE).
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Fed Watching: Making Sense of Market Information (Financial Times Series)
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