Today, the Center for Financial Stability (CFS) is delighted to release Wall Street, the Federal Reserve and Stock Market Speculation: A Retrospective — a new monograph written by Professor Elmus Wicker.
Professor Wicker’s ideas about the Federal Reserve and financial markets are of special interest now, as:
– The Federal Reserve is poised to raise its policy interest rate for the first time since the onset of the Great Recession; and
– Central banks around the world are on the verge of gaining new macroprudential powers.
Wall Street, the Federal Reserve and Stock Market Speculation: A Retrospective provides historical insights on the interplay between the stock market and the Federal Reserve as well as fodder for further study and debate.
We thank Jordan Wicker, Ike Brannon, and Kurt Schuler for help in bringing the manuscript to print.
For the full monograph in electronic format: