Either Federal Reserve chair Alan Greenspan has had an amazingly long run of remarkably good luck, or he knows what he's doing and really is what most observers believe him to be, the maestro of the rock-solid prospering American economy. Washington Post reporter Woodward of Watergate fame attempts to write an incisive biography, and yet Greenspan remains an elusive and enigmatic figure. Early in his adulthood he was a devotee of Ayn Rand and once briefly attended Juilliard; he is famed for his elliptical language, and if he gets too explicit, the market strengthens or weakens depending on the direction of his words. Descriptions of such behavior are presented by the author, but, unfortunately for listening excitement, Greenspan is neither flamboyant nor given to spectacular intrigue. Much of the book, of course, deals with meetings of the Federal Reserve Open Market Committee which makes headlines whenever it raises or lowers an interest rate. The chairman is evidently very good at prodding, cajoling, and just plain reasoning with the Board of Governors until most of them see things his way. James Naughton has a grave, matter-of-fact approach, and it is always nice to hear the recognizable voice of Woodward himself as he closes the presentation. Recommended for collections dealing with modern politics and financial institutions. Don Wismer, Cary Memorial Lib., Wayne, ME
Copyright 2001 Reed Business Information, Inc. --This text refers to an out of print or unavailable edition of this title. |
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