![]() ![]() ![]() Variously regarded over the decades as the domain of dispassionate economic experts or of rapacious financier-bankers, the Fed has gradually come to acquire a sacred aura of national authority. Backing it are not only the banks but the Federal Reserve System-the central bank of the United States. While none of us can know the future, our financial decisions must adhere to some semblance of a plan, and in the United States the market in credit is what we use to order those commitments. Our world spins on the expedient use of credit-short-term, long-term, hedged, and parlayed. Limitless: The Federal Reserve Takes on a New Age of Crisis (2023) by Jeanna Smialek. ![]() The Federal Reserve: A New History (2023) by Robert L. ![]()
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