03519cam a2200529 i 4500 22580743 BJBSDDR 20241024143248.0 ta 220526s2023 nyu b 001 0 eng 2022024145 9780593320235 (hardcover) 0593320239 (hardcover) 9780593320242 (ebook) DLC eng rda DLC DLC eng pcc n-us--- HG 2563 S639l 2023 332.1/10973 Smialek, Jeanna, 1991- 38891 Limitless : the Federal Reserve takes on a new age of crisis / Jeanna Smialek. First edition. New York : Alfred A. Knopf, 2023. 372 pages : 25 cm. text txt rdacontent unmediated n rdamedia volume nc rdacarrier "This is a Borzoi book published by Alfred A. Knopf."--Title page verson Includes bibliographical references (pages 305-352) and index. Introduction -- The Before Times -- The Months 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 first two decades of the twenty-first century, 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. This book 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. Board of Governors of the Federal Reserve System (U.S.) Junta de Gobernadores del Sistema de la Reserva Federal de los Estados Unidos 7505 Federal Reserve banks United States. Bancos de la Reserva Federal Estados Unidos 27703 Banks and banking, Central United States. Bancos centrales Estados Unidos 925 Monetary policy United States. Politica monetaria Estados Unidos 134 United States Economic policy 2009- Estados Unidos Política económica 2009- 840 7 cbc orignew 1 ecip 20 y-gencatlg lcc BK sba 122227 122227 0 0 lcc 0 0 CS BJB BJB CS 2024-10-15 0 HG 2563 S639l 2023 00000128280 2024-10-15 00:00:00 1 2024-10-15 BK