Trillion Dollar Triage

"Trillion Dollar Triage" by Nick Timiraos offers an in-depth look at how the Federal Reserve, led by Chairman Jay Powell, responded to the economic fallout caused by the COVID-19 pandemic. With millions of jobs lost and businesses in jeopardy, Timiraos chronicles the swift and unprecedented monetary policies implemented to stabilize the economy amidst chaos. Drawing on extensive interviews, the book reveals the behind-the-scenes strategies and challenges faced by policymakers as they navigated the delicate balance of recovery and inflation management. This compelling account sheds light on a transformative period in American economic history.