the Federal Reserve takes on a new age of crisis Smialek, Jeanna 1991- creator text bibliography nyu 2023 First edition. monographic eng

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372 pages : 25 cm. 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. -- 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. Jeanna Smialek. "This is a Borzoi book published by Alfred A. Knopf."--Title page verson Includes bibliographical references (pages 305-352) and index. n-us--- Board of Governors of the Federal Reserve System (U.S.) Junta de Gobernadores del Sistema de la Reserva Federal de los Estados Unidos Federal Reserve banks United States Bancos de la Reserva Federal Estados Unidos Banks and banking, Central United States Bancos centrales Estados Unidos Monetary policy United States Politica monetaria Estados Unidos United States Economic policy 2009- Estados Unidos Política económica 2009- HG 2563 S639l 2023 332.1/10973 9780593320235 (hardcover) 0593320239 (hardcover) 2022024145 DLC 220526 20241024143248.0 22580743 eng