Jeanna Smialek

Limitless: The Federal Reserve Takes on a New Age of Crisis Jeanna Smialek

A fascinating deep dive into one of the most powerful and least understood American institutionsthe Federal Reserve.

The marble halls of the Federal Reserve have always held secrets; for decades the Fed did is utmost to preserve its independence, operating behind the scenes as much as possible. Yet over the past decade, this remote world of bankers dressed in suits speaking a language that only monetary experts could understand, has been forced to change its ways.   Amidst rising inequality, weakening global economic prospects, and a pandemic, the central bank has been forced into a new era of transparency.
 
Limitless tells the inside story of this remarkable and deeply impactful transformation, and what it means for ordinary Americans. Focusing on characters like chairman Jerome Powell, his Vice Chair Randy Charles, Governor Lael Brainard, Treasury Secretary Stephen Mnuchin, and Minneapolis Fed President Neel Kashkari, and driven by the rising tension between Main Street and Wall Street, this is a page-turning account of the modern Feds inner workings during a crucial inflection point in history.
 
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