Trillion Dollar Triage How Jay Powell and the Fed Battled a President and a Pandemic---and Prevented Economic Disaster

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  • Engels
  • Hardcover
  • 9780316272810
  • 01 maart 2022
  • 352 pagina's
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Samenvatting

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?

Trillion Dollar Triage is the definitive, gripping history of a creative and unprecedented battle to shield the American economy from the twin threats of a public health disaster and economic crisis. Economic theory and policy will never be the same.

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Inhoud

Taal
en
Bindwijze
Hardcover
Oorspronkelijke releasedatum
01 maart 2022
Aantal pagina's
352

Betrokkenen

Hoofdauteur
Nick Timiraos
Hoofduitgeverij
Little, Brown & Company

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Product breedte
161 mm
Product hoogte
35 mm
Product lengte
243 mm
Studieboek
Nee
Verpakking breedte
157 mm
Verpakking hoogte
32 mm
Verpakking lengte
238 mm
Verpakkingsgewicht
995 g

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EAN
9780316272810

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