Full Biography of the Chairman of the Federal Reserve

Why does the RMB in your hands shrink when the U. S. Dollar raises interest rates? Why are U. S. Treasury bonds and MBS (Mortgage Loan Securitizations) "white slips" to the Chinese people? Why does the President of the United States stamp his feet and only the White House trembles; but when the Chairman of the Federal Reserve sneezes, it rains all over the world? Why will the United States' exit from quantitative easing (QE) have a profound impact on China? … We don't have to know what the President of the United States said, but we must listen to what the Chairman of the Federal Reserve said! The chairman of the Federal Reserve has the second most power in the United States, but the first in the world. They are the spokespersons of the seven major financial groups in the United States and control the issuance of US dollars, thereby affecting the global economy. This book deconstructs the U. S. Economy based on the monetary policies of nine Federal Reserve chairs during their tenures. It aims to uncover the "mystery" of the Federal Reserve as the "central bank" of a world power for readers, show its role in various development periods of the U. S. Economy in categories, and then deduce the evolution history of the U. S. Dollar and U. S. Monetary policy. Not only that, this book intends to start from the perspective of "economic issues" to describe the different missions of the Federal Reserve Chairman in different periods, as well as the problem-solving methods and policy strategies, so that readers can have an in-depth understanding of the Federal Reserve's internal operations and policy evolution. At the same time, it draws out the important impact the Federal Reserve has on the world's political and economic landscape.