Part I: The broad sweep of federal reserve history : December 1913-December 2013. Growing pains : being born after panic and experiencing childhood in the Great Depression
December 1913-August 1935 ; Breaking up is hard to do : splitting from the treasury in adolescence and maturing more
September 1935-January 1970 ; Suffering mid-life crises : confronting severe inflation and financial meltdown in adulthood
February 1970-January 2014 ; Understanding the basics from a contemporary perspective
Part II: Monetary policy in chairman Bernanke's era : taking a closer look at monetary policymaking and communication, February 2006-January 2014. Saying oops after assuming the chairmanship ; Imagining financial Armageddon, making emergency loans in the crisis, and pursuing QE1 ; Cruising on QE2, twisting again, and designing even more preemptively ; Reaching for QE3 and then postponing tapering
Part III: Related developments in chairman Bernanke's era : February 2006-January 2014. Taxing and spending : taking a closer look at fiscal policymaking and communication ; Strengthening financial regulations ; Prosecuting the guilty, revealing crisis leading, and endangering Fed independence ; Experience deflation or disinflation around the world ; Concluding the book.
