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THE FOURTH
BRANCH
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THE FOURTH
BRANCH
THE FEDERAL RESERVE'S UNLIKELY
RISE TO POWER AND INFLUENCE
BERNARD SHULL
PMEGER
Wes,port
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Con
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Library of Congress Cataloging-in-Publication Data
Shull, Bernard, 1931-
The fourth branch : the Federal Reserve's unlikely rise to power and influence /
Bernard Shull.
p. cm.
Includes bibliographical references and index.
ISBN 1-56720-624-7 (alk. paper)
1. Board of Governors of the Federal Reserve System (U.S.)—History. 2. United
States—Economic policy—20th century. I. Title.
HG2563.S58 2005
332.1T0973—dc22
2005009815
British Library Cataloguing in Publication Data is available.
Copyright © 2005 by Bernard Shull
All rights reserved. No portion of this book may be
reproduced, by any process or technique, without the
express written consent of the publisher.
Library of Congress Catalog Card Number: 2005009815
ISBN: 1-56720-624-7
First published in 2005
Praeger Publishers, 88 Post Road West, Westport, CT 06881
An imprint of Greenwood Publishing Group, Inc.
Printed in the United States of America
The paper used in this book complies with the
Permanent Paper Standard issued by the National
Information Standards Organization (Z39.48-1984).
109987654322
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