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Trillion Dollar Triage: How Jay Powell and the Fed Battled a President and a

Description: 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.

Price: 51.82 AUD

Location: Hillsdale, NSW

End Time: 2024-12-13T15:09:37.000Z

Shipping Cost: 25.57 AUD

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Trillion Dollar Triage: How Jay Powell and the Fed Battled a President and aTrillion Dollar Triage: How Jay Powell and the Fed Battled a President and a

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Return shipping will be paid by: Buyer

Returns Accepted: Returns Accepted

Item must be returned within: 30 Days

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EAN: 9780316272810

UPC: 9780316272810

ISBN: 9780316272810

MPN: N/A

Format: Hardback, 352 pages

Author: Timiraos, Nick

Book Title: Trillion Dollar Triage: How Jay Powell and the Fed

Item Height: 3.8 cm

Item Length: 23.9 cm

Item Weight: 0.47 kg

Item Width: 15.8 cm

Language: Eng

Publisher: Little Brown and Company

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