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Limitless : the Federal Reserve takes on a new age of crisis / Jeanna Smialek.

By: Material type: TextTextPublisher: New York : Alfred A. Knopf, 2023Edition: First editionDescription: 372 pages ; 25 cmContent type:
  • text
Media type:
  • unmediated
Carrier type:
  • volume
ISBN:
  • 9780593320235
  • 0593320239
Subject(s):
Contents:
Introduction -- The before times -- The month markets melted -- One nation, under banks -- The Fed's second act -- The temple is under new management -- A polarized Fed -- March madness -- A corporate house of cards -- The day the Fed changed -- Racing across red lines -- Culture wars and capital -- Love songs to full employment -- A Fed restrained -- The creeping crises -- A year of uncomfortable questions -- Epilogue.
Summary: "The marble halls of the Federal Reserve have always held secrets; for decades the Fed did the utmost to preserve its room to maneuver, operating behind the scenes as much as possible. Yet over the past two decades, this elite world of bankers and economists speaking a language that only monetary experts could understand has been forced to change its ways. Amid rising inequality, weakening global economic prospects, and a pandemic, the central bank has entered into a new era of transparency and activism that has changed its role in modern society in subtle but remarkable ways. Limitless tells the inside story of this deeply impactful transformation, and what it means for ordinary Americans. Focusing on characters such as the Fed chairman Jerome Powell; the Vice Chair for Supervision Randal Quarles; Vice Chair Lael Brainard; the Minneapolis Fed president Neel Kashkari; and the long-ago Fed Chair Marriner S. Eccles--and driven by the rising tension between Main Street and Wall Street--this is a page-turning account of the modern Fed's inner workings during a crucial inflection point in history"-- Provided by publisher.
Holdings
Item type Home library Collection Call number Materials specified Status Date due Barcode Item holds
Adult Book Adult Book Dr. James Carlson Library NonFiction 332.1109 S639 Available 33111011042674
Adult Book Adult Book Main Library NonFiction 332.1109 S639 Available 33111010969109
Total holds: 0

Enhanced descriptions from Syndetics:

AN NPR BEST BOOK OF THE YEAR * This fascinating deep dive into one of the most powerful and least understood American institutions--the Federal Reserve--is "a riveting narrative...[and] an invaluable guide to the monetary policy debates of the last few years" (Liaquat Ahamed, Pulitzer Prize-winning author of Lords of Finance ).

"The best book on the Fed in our time and a model of financial writing." - Kirkus

The marble halls of the Federal Reserve have always held secrets; for decades the Fed did the utmost to preserve its room to maneuver, operating behind the scenes as much as possible. Yet over the past two decades, this elite world of bankers and economists speaking a language that only monetary experts could understand has been forced to change its ways. Amid rising inequality, weakening global economic prospects, and a pandemic, the central bank has entered into a new era of transparency and activism that has changed its role in modern society in subtle but remarkable ways.

Limitless tells the inside story of this deeply impactful transformation, and what it means for ordinary Americans. Focusing on characters such as the Fed chairman Jerome Powell; the Vice Chair for Supervision Randal Quarles; Vice Chair Lael Brainard; the Minneapolis Fed president Neel Kashkari; and the long-ago Fed Chair Marriner S. Eccles--and driven by the rising tension between Main Street and Wall Street--this is a page-turning account of the modern Fed's inner workings during a crucial inflection point in history.

"This is a Borzoi book published by Alfred A. Knopf."

Includes bibliographical references (pages 305-332) and index.

Introduction -- The before times -- The month markets melted -- One nation, under banks -- The Fed's second act -- The temple is under new management -- A polarized Fed -- March madness -- A corporate house of cards -- The day the Fed changed -- Racing across red lines -- Culture wars and capital -- Love songs to full employment -- A Fed restrained -- The creeping crises -- A year of uncomfortable questions -- Epilogue.

"The marble halls of the Federal Reserve have always held secrets; for decades the Fed did the utmost to preserve its room to maneuver, operating behind the scenes as much as possible. Yet over the past two decades, this elite world of bankers and economists speaking a language that only monetary experts could understand has been forced to change its ways. Amid rising inequality, weakening global economic prospects, and a pandemic, the central bank has entered into a new era of transparency and activism that has changed its role in modern society in subtle but remarkable ways. Limitless tells the inside story of this deeply impactful transformation, and what it means for ordinary Americans. Focusing on characters such as the Fed chairman Jerome Powell; the Vice Chair for Supervision Randal Quarles; Vice Chair Lael Brainard; the Minneapolis Fed president Neel Kashkari; and the long-ago Fed Chair Marriner S. Eccles--and driven by the rising tension between Main Street and Wall Street--this is a page-turning account of the modern Fed's inner workings during a crucial inflection point in history"-- Provided by publisher.

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