Timiraos, Nick
Trillion Dollar Triage: How Jay Powell and the Fed Battled a President and a Pandemic---and Prevented Economic Disaster
- ISBN 13:
- 9780316272810
- author:
- Timiraos, Nick
- format:
- Hardback
- publisher:
- Little, Brown & Company
- language:
- English
- Publication Year:
- 2022
- Pages:
- 352
- Dimensions:
- 24.3 x 16.1 x 3.5 centimetres (0
- Genre:
- Business, Economics, Macroeconomics,
- Condition:
- New
- Availability:
- Item usually sent within 10 working days
Description
The Trillion Dollar Triage: A gripping history of the US economic response to the pandemic. In February 2020, the US economy was on a record-breaking expansion, with unemployment at historic lows and stock markets soaring. But just a month later, the COVID-19 pandemic pushed the economy into crisis, with millions of jobs lost and businesses on the brink of collapse. The Federal Reserve, led by Chairman Jay Powell, responded with an unprecedented monetary barrage to keep the economy afloat. Nick Timiraos, the Wall Street Journal's chief economics correspondent, draws on extensive interviews to reveal the tense meetings, late-night phone calls, and crucial video conferences that shaped the Fed's response. This is a story of creative and unprecedented action, as the Fed navigated a delicate balance between supporting the economy and preventing inflation.