Second Edition of Larry Jacobs' Book on the Federal Reserve is Released
April 1, 2021

Professor Larry Jacobs is co-author of Fed Power: How Finance Wins, a hard-hitting critique of the Federal Reserve, the most powerful central bank in the world. The book is the first sustained synthesis of the Fed's political role—especially the way in which it uses its power to benefit some interest groups and not others—since the 2008 financial crisis. The fully updated and revised second edition was released March 1. It addresses new developments during Donald Trump's presidency, particularly the Fed's unprecedented injection of liquidity into the US economy to address the COVID pandemic, and offers fresh insights on the Fed's outsized role in picking winners and losers in the American economy.