Trillion Dollar Triage
How is it possible that a once-in-a-century pandemic that killed hundreds of thousands of Americans and left millions more jobless didn't also destroy the country's economy? One of the biggest…
Specifikacia Trillion Dollar Triage
How is it possible that a once-in-a-century pandemic that killed hundreds of thousands of Americans and left millions more jobless didn't also destroy the country's economy? One of the biggest reasons: Jay Powell and the Fed. Trillion Dollar Triage is the inside story of how an unassuming civil servant created trillions of dollars from thin air, fended off a barrage of attacks from Donald Trump, and made sure the worst economic shock since the 1930s didn't turn into a second depression.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
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