The courage to act

Description:

In 2006, Ben S. Bernanke was appointed chair of the Federal Reserve, capping a meteoric trajectory from a rural South Carolina childhood to professorships at Stanford and Princeton, to public service in Washington's halls of power. There would be no time to celebrate, however -- the burst of the housing bubble in 2007 set off a domino effect that would bring the global financial system to the brink of meltdown. Here, Ben Bernanke pulls back the curtain on the tireless and ultimately successful efforts to prevent a mass economic failure. Working with two U.S. presidents and two Treasury secretaries, Dr. Bernanke and his colleagues used every Fed capability, no matter how arcane, to keep the U.S. economy afloat. From his arrival in Washington in 2002 and his experiences before the crisis, to the intense days and weeks of the crisis itself, and through the Great Recession that followed, Dr. Bernanke gives readers a unique perspective on the American economy.

subjects: Monetary policy,  Financial crises,  Government economists,  Biography,  Global Financial Crisis, 2008-2009,  Board of Governors of the Federal Reserve System (U.S.),  Central Banks and banking,  Board of governors of the federal reserve system (u.s.),  Banks and banking, central,  Monetary policy, united states,  Economists, biography,  nyt:combined-print-and-e-book-nonfiction=2015-10-25,  New York Times bestseller,  New York Times reviewed,  Global Financial Crisis (2008-2009) fast (OCoLC)fst01755654,  Bernanke, ben,  Government economists--united states--biography,  Banks and banking, central--united states,  Financial crises--united states,  Monetary policy--united states,  Hb119.b46 a3 2015

People: Ben Bernanke

Places: United States