“In the last 17 years of his working life, my father was finally rewarded with having landed a great job as first, a maintenance engineer, and then a senior locksmith with the Federal Reserve Bank of New York.” YearsFirstsJobsLastsFatherNew YorkEngineersReservesSeniorMaintenanceGreat JobFederal ReserveWorking Life Author:Tony Visconti
“In 1977, when I started my first job at the Federal Reserve Board as a staff economist in the Division of International Finance, it was an article of faith in central banking that secrecy about monetary policy decisions was the best policy: Central banks, as a rule, did not discuss these decisions, let alone their future policy intentions.” FirstsJobsDecisionPolicyIntentionInternationalFinanceBoardsDivisionArticlesReservesStaffEconomistBankingSecrecyMonetaryFederal ReserveCentral BanksMonetary PolicyCentral Banking Author:Janet Yellen
“In this age of electronic money, investors are no longer seduced by a financial 'dance of a thousand veils.' Only hard and accurate information on reserves, current accounts, and monetary and fiscal conditions will keep capital from fleeing precipitously at the first sign of trouble.” FirstsHardAgeTroubleConditionsInformationThousandAccountsFinancialCurrentsInvestorsAccurateReservesVeilsMonetaryFleeingAccurate Information Author:Lawrence Summers