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

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

  • Downloads:1366
  • Type:Epub+TxT+PDF+Mobi
  • Create Date:2023-03-01 10:21:33
  • Update Date:2025-09-06
  • Status:finish
  • Author:Jeanna Smialek
  • ISBN:0593320239
  • Environment:PC/Android/iPhone/iPad/Kindle

Summary

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。

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Reviews

Jordan Carmon

“Limitless” is a must-read, whether you are normally interested in economics and finance or not。 Smialek has an incredible ability to convey complex economic concepts in simple and understandable language, which makes this book accessible to anyone, regardless of their background。She demonstrates how the Fed's policies are affecting people's daily lives more than ever, from interest rates to inflation and beyond。 She also provides a clear understanding of the growing impact of U。S。 monetary poli “Limitless” is a must-read, whether you are normally interested in economics and finance or not。 Smialek has an incredible ability to convey complex economic concepts in simple and understandable language, which makes this book accessible to anyone, regardless of their background。She demonstrates how the Fed's policies are affecting people's daily lives more than ever, from interest rates to inflation and beyond。 She also provides a clear understanding of the growing impact of U。S。 monetary policy on the global economy and its potential risks and benefits。The book is well-researched, engaging, and informative, shining a light on one of the most powerful yet least understood institutions。 I learned so much from this book and I can’t recommend it enough。 。。。more

Rolin

i thought i knew what the federal reserve was before reading this book。 this book actually taught me what monetary policy is and why we are now at an inflection point in where it goes further。highly recommend to anyone wanting to learn about central banking。 super readable, makes Jay Powell an actual person instead of a finance twitter meme。

Tori McClemens

Amazing read。 Makes a mundane topic super interesting。 Everyone who is interested in current events should read this to better understand the forces that influence our economy everyday。 This books takes you through the history of the Fed, the Fed's techincal powers and how that has shifted/evolved with socio-political factors over the centuries, and where this could go in the future。Must read! Amazing read。 Makes a mundane topic super interesting。 Everyone who is interested in current events should read this to better understand the forces that influence our economy everyday。 This books takes you through the history of the Fed, the Fed's techincal powers and how that has shifted/evolved with socio-political factors over the centuries, and where this could go in the future。Must read! 。。。more

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