In Fed We Trust is essential, lucidand, it turns out, rivetingreading…Wessel uses his narrative gifts and a plethora of sources to give readers a vivid, highly immediate sense of what transpired in last-minute, high-pressure, seat-of-their-pants meetings in Washington and New York while placing these events in a broader historical context.
The New York Times
Forget Stephen King. For readers determined to decipher the baffling collapse of Wall Street, David Wessel's account of what has transpired behind closed doors in Washington over the past couple of years provides a tale that's nothing short of hair-raising…Wessel makes a persuasive case that if our economic overseers do not renounceclearly and openlythe lackadaisical deference to Wall Street that characterized the Greenspan era, they risk not anticipating the next crisis and determining how to avoid it.
The New York Times Book Review
“...gives a revealing blow-by-blow account of the recent financial crisis”
—David Brooks, The New York Times
“...essential, lucid—and, it turns out, riveting—reading."
—Michiko Kakutani, The New York Times
“...a tale that’s nothing short of hair-raising..reveals in scary detail how unprepared politicians and regulators truly were...”
—Paul M Barrett, The New York Times Book Review
“Wessel delivers an engrossing account of Bernanke's improvisational responses to the worst financial crisis since the Great Depression.”
“... so far the most entertaining and most readable book on the financial crisis.”
—Tyler Cowen, marginalrevolution.com
“...persuasively told and richly reported... It will win awards and inspire copycats.”
"David Wessel brings his deep knowledge of the Federal Reserve and U.S. politics and economics to a topic that will be studied by historians for decades to come...No one can understand what happened and what did not happen without reading this book."
–Joseph E. Stiglitz, winner of the Nobel Prize in economics and author of Globalization and its Discontents