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Trillion dollar triage : how Jay Powell and the Fed battled a president and a pandemic -- and prevented economic disaster / Nick Timiraos.

by Timiraos, Nick, author.

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New York : Little, Brown & Company, 2022.

COVID-19 Pandemic, 2020- -- Economic aspects -- United States.

United States -- Economic policy -- 2009-

United States -- Economic conditions -- 2009-

9780316272810 (hardcover)

0316272817 (hardcover)

viii, 342 pages ; 25 cm

Hawks, doves, and jaybird -- "This federal reserve place" -- "We would treat him pretty ugly" -- The king of debt -- Hot seat -- "Boneheads" -- Into the emergency room -- Meltdown -- Turning the knobs to 11 -- Bagehot on steroids -- Money almost stops -- "Get in the boats and go" -- Fate and history -- Uncle Sam's club -- Twist of "FAIT" -- Peril and possibility -- The inflation surprise -- Triage and its aftereffects.

"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 a financial crisis. Economic theory and policy will never be the same."-- Publisher.

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