Economy

‘Limitless’ makes the case that the Federal Reserve is more powerful than we realize

NY Times journalist Jeanna Smialek says the Fed has expanded its reach in recent years — in part because of the pandemic, but also due to changing expectations related to accountability and fairness.

Copyright © 2023 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information.

NPR transcripts are created on a rush deadline by an NPR contractor. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.