内容简介
ANewYorkTimesBestsellerAnunrivaledlookatthefighttosavetheAmericaneconomy.In2006,BenS.BernankewasappointedchairoftheFederalReserve,theunexpectedapexofapersonaljourneyfromsmall-townSouthCarolinatoprestigiousacademicappointmentsandfinallypublicserviceinWashington’shallsofpower.Therewouldbenotimetocelebrate.Theburstingofahousingbubblein2007exposedthehiddenvulnerabilitiesoftheglobalfinancialsystem,bringingittothebrinkofmeltdown.FromtheimplosionoftheinvestmentbankBearStearnstotheunprecedentedbailoutofinsurancegiantAIG,effortstoarrestthefinancialcontagionconsumedBernankeandhisteamattheFed.Aroundtheclock,theyfoughtthecrisiswitheverytoolattheirdisposaltokeeptheUnitedStatesandworldeconomiesafloat.WorkingwithtwoU.S.presidents,andunderfirefromafractiousCongressandapublicincensedbybehavioronWallStreet,theFed―alongsidecolleaguesintheTreasuryDepartment―successfullystabilizedateeteringfinancialsystem.Withcreativityanddecisiveness,theypreventedaneconomiccollapseofunimaginablescaleandwentontocrafttheunorthodoxprogramsthatwouldhelprevivetheU.S.economyandbecomethemodelforothercountries.Richwithdetailofthedecision-makingprocessinWashingtonandindelibleportraitsofthemajorplayers,TheCouragetoActrecountsandexplainstheworstfinancialcrisisandeconomicslumpinAmericasincetheGreatDepression,providinganinsider’saccountofthepolicyresponse.16pagesofphotographs