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Published: 01 March 2021

304 Pages

6 1/8 x 9 1/4 inches

ISBN: 9780197573136

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Bookseller Code (06)

Fed Power

How Finance Wins

Second Edition

Lawrence Jacobs and Desmond King

  • Updates this hard-hitting critique of the Fed's outsized role in American politics and life
  • Shows how the Fed brazenly benefited the one percent at the expense of Main Street businesses and families during the 2008 financial crisis--and with very little criticism from elites in government and the media
  • Outlines the major reforms that the Fed needs if it is to establish a reputation for being impartial and accountable
  • Compares the Fed to central banks in other countries to show just how biased towards big finance it really is

New to this Edition:

  • Addresses increasing economic and racial inequality across both the Obama and Trump presidencies
  • Considers the new directions pursued by the Biden administration and progressive activists

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