SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Money Supply & The Federal Reserve
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: UnBelievable who wrote (15)8/10/2002 2:20:26 PM
From: Mike Chupp  Read Replies (2) of 1379
 
The FRB system was created by an act of congress.

As an ex employee of the NYFRB, I had the pleasure of working with some bright and sincere people. It does not operate like government and the civil service system. It is very like working for a corporation. Managers hire and terminate people by going though the HR department.

A lot of monetary data is collected from banks. Some of this data is reported incorrectly and later revised.

At the operating level FRB is a quality organization.

Don't have the foggiest about what goes on in Washington.

When I was employed there I had the pleasure of seeing then chairman Paul Volker and Alan Greenspan standing side by side. Volker was a nice looking man (about seven feet tall). Greenspan was plain ugly (about five feet tall).

What a contrast!
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News