03363cam a2200445 i 4500 22303074 BJBSDDR 20241015111136.0 ta 211108s2022 nyu b 001 0 eng 2021950353 9780316272810 (hardcover) 0316272817 (hardcover) 9780316273077 (ebook) DLC eng rda DLC DLC eng pcc n-us--- HC 106.84 T583t 2022 Timiraos, Nick, 38831 Trillion dollar triage : how Jay Powell and the Fed battled a president and a pandemic---and prevented economic disaster / Nick Timiraos. First Edition. New York : Little, Brown & Company, 2022. 342 pages ; 25 cm text txt rdacontent unmediated n rdamedia volume nc rdacarrier Includes bibliographical references and index. Hawks, doves, and jaybird "This federal reserve place" "We would treat him pretty ugly" The king of debt Hot seat "Boneheads" Into the emergency room Meltdown Turning the knobs to 11 Bagehot on steroids Money almost stops "Get in the boats and go" Fate and history Uncle Sam's club Twist of "FAIT" Peril and possibility The inflation surprise Triage and its aftereffects "By February 2020, the U.S. economic expansion had become the longest on record. Unemployment was plumbing half-century lows. Stock markets soared to new highs. One month later, the public health battle against a deadly virus had pushed the economy into the equivalent of a medically induced coma. America's workplaces-offices, shops, malls, and factories-shuttered. Many of the nation's largest employers and tens of thousands of small businesses faced ruin. Over 22 million American jobs were lost. The extreme uncertainty led to some of the largest daily drops ever in the stock market. Nick Timiraos, the Wall Street Journal's chief economics correspondent, draws on extensive interviews to detail the tense meetings, late night phone calls, and crucial video conferences behind the largest, swiftest U.S. economic policy response since World War II. Trillion Dollar Triage goes inside the Federal Reserve, one of the country's most important and least understood institutions, to chronicle how its plainspoken chairman, Jay Powell, unleashed an unprecedented monetary barrage to keep the economy on life support. With the bleeding stemmed, the Fed faced a new challenge: How to nurture a recovery without unleashing an inflation-fueling, bubble-blowing money bomb?"-- Provided by publisher. COVID-19 Pandemic, 2020- Economic aspects United States. Pandemia de Covid-19, 2020- Aspectos económicos 38889 United States Economic policy 2009- Estados Unidos Política económica 2009- 840 United States Economic conditions 2009- Estados Unidos Condiciones económicas 2009- 1543 7 cbc orignew 2 epcn 20 y-gencatlg lcc BK 122207 122207 0 0 lcc 0 0 CS BJB BJB CS 2024-10-10 0 HC 106.84 T583t 2022 00000128276 2024-10-10 00:00:00 1 2024-10-10 BK