The book includes speeches, articles, Congressional testimony, internal memoranda and letters of this great central banker.
His interest in public policy and central banking was lifelong. Those who knew him were invariably impressed with the breadth of his vision combined with technical competence, the strength of his convictions combined with a grace and temperance in intellectual combat, the sense of dignity and position combined with a warmth of personal friendship. During his presidency of the "New York Fed", he stimulated a whole generation of Federal Reserve officials to find their careers in central banking and related professions, fostering monetary stability in this country and international economic cooperation. Throughout his "retirement", he continued to support those causes, consulting with those from Presidents on down who sought his judgement.
The volume of his writings, published and unpublished, bears testimony to the scope of his interests and the quality of his thought. A representative selection from these writings is of more than historical interest and a fitting memorial for a great central banker.
