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A History of the Federal Reserve, Volume 1: 1913-1951
by Allan H. Meltzer
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with references to "Federal Advisory Council".
Excerpt - on Page 67: "
... run by bankers, with no clear division of authority between the two. As part of the compromise, Wilson proposed a Federal Advisory Council consisting of bankers, appointed by the reserve banks, to serve as advisers to the Board. ... "
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The Pressures on American Monetary Policy
by Thomas Havrilesky
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with references to "Federal Advisory Council".
Excerpt - on Page 20: "
... System. The most important systematic and measurable communications between the banking industry and the Federal Reserve System emanate from the Federal Advisory Council. ... "
Key Phrases:
New York, Reserve Bank, Treasury Secretary, Federal Advisory Council, Arthur Burns, Alan Greenspan, monetary policy signaling, reliable appointees, tightness signals, executive branch signals, monetary expansiveness, monetary policy arena
(see more)
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Secrets of the Temple: How the Federal Reserve Runs the Country
by William Greider
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with references to "Federal Advisory Council".
Excerpt - on Page 114: "
... At the Fed, the secrecy of the bankers' advice was consecrated in the law. The Federal Advisory Council had inspired suspicions from the start. It was added to the original Federal Reserve legislation of 1913 as a compromise ... "
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Actively Seeking Work?: The Politics of Unemployment and Welfare Policy in the United States and Great Britain
by Desmond King
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with references to "Federal Advisory Council".
Key Phrases:
United States, Board of Trade, Social Security Act, Wagner-Peyser Act, Family Support Act, Social Security Board, national labor exchange system, modern employment service, employment exchange system, public employment system, unemployment compensation bureau, labor exchange systems
(see more)
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