The Fed gets a lot of hate, and heck, even economists get a lot of hate, but a good place to start learning about macroeconomics is by understanding what the Fe

The Fed gets a lot of hate, and heck, even economists get a lot of hate, but a good place to start learning about macroeconomics is by understanding what the Fed is doing and why they are doing it. The Age of Turbulence and the Courage to Act are autobiographies written by two former Fed Chairmen, which is the highest rank in the Fed. Greenspan and Bernanke likely get negative publicity, but they wrote books for the layman to understand their decisions. The Courage to Act goes into detail about what Bernanke and co did during the Great Recession and at least gives you context for the decisions which can help you determine if what they did was for “Wall Street”, “Main Street” or everyone. You’ll likely be surprised at what facilities are at the disposal of this pseudo public institution, and it’s certainly interesting. The Fed collects inordinate amounts of data from each of its branches, and in times of crisis, as the books elaborate on, it seems they mostly go off the cuff with custom solutions to large scale solutions. Anyways, it helped me understand the US economy better. Greenspan’s book has more info on global policies.