Everything You Always Wanted to Know About The Fed *But Were Afraid to Ask

There's a great article entitled "The Education of Ben Bernanke" in today's NYTimes Magazine. If you're interested in an overview of the history of the Federal Reserve and how it works, I highly recommend it. It covers many of the topics we dealt with in my macroeconomics class last semester. The Fed is in the news almost daily now that we're facing a credit crunch and wondering how to stave off a potential recession so this is a good time to learn a bit about its workings.