In This Review

Monetary Policy and Practice: A View from the Federal Reserve Board
Monetary Policy and Practice: A View from the Federal Reserve Board
By Henry C. Wallich
Lexington Books, 1982, 395 pp
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"I believe that the central bank needs to speak up," says this highly articulate member of the Federal Reserve Board. The 44 papers collected here show him living up to his principle. They deal lucidly and learnedly with a wide range of matters including inflation, domestic and international monetary issues, banking, investment, economic growth and planning. And the busy governor is not much more than halfway through his term.