Politics and Prose
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Jeanna Smialek — Limitless: The Federal Reserve Takes on a New Age of Crisis
Posted
March 8, 2023
Views
3,444
Likes
47
Engagement
1.36%
March 8, 2023
3,444
47
1.36%
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56:14Now PlayingAuthor Jeanna Smialek gives a book talk and reading at Politics and Prose bookstore in Washington, D.C.
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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Jeanna Smialek writes about the Federal Reserve and the economy for The New York Times. She previously covered economics at Bloomberg News, where she also wrote feature stories for Businessweek magazine. Smialek has an M.B.A. from New York University and graduated with a bachelor’s in journalism and international relations from the University of North Carolina at Chapel Hill. She grew up in Mars, Pa., a small town on the outskirts of Pittsburgh.
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Founded by Carla Cohen and Barbara Meade in 1984, Politics and Prose Bookstore is Washington, D.C.'s premier independent bookstore and cultural hub, a gathering place for people interested in reading and discussing books. Politics and Prose offers superior service, unusual book choices, and a haven for book lovers in the store and online.
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