Monetary Policy Explained: How the Fed Manages the Economy
Book: Financial Markets and Institutions, 11th Edition Author: Jeff Madura Publisher: Cengage Learning, 2015 ISBN: 978-1-133-94788-2
Chapter 4 explained how the Fed is set up and what tools it uses. Chapter 5 goes deeper into how those tools actually affect the economy. This is where it all comes together: money supply changes flow through to interest rates, which affect borrowing, which affects spending, which affects jobs and prices.