August 1994, Vol 19, No 2

Abstract: The Federal Reserve and its chairman, Alan Greenspan, have become household words. As the lead player in curbing inflation, the role of the Federal Reserve continues to make daily headlines nationwide, along with fighting crime. In this article author Jim Gibbons provides the reader with a provocative explanation of the Fed’s role in the current economy, the structure of the Federal Reserve System and why it works, along with and overview on where the economy is headed.