In her book “Limitless,” New York Times reporter Jeanna Smialek asks how the Fed arrived at this powerful state.
!["[Fed Chair Jerome] Powell and his colleagues knew, even as business news channels cheered on the forceful March 23 response that morning, that it would open his institution up to political criticism and possible mission creep," writes Jeanna Smialek in her new book. Above, Powell during an interview on Feb. 7.](https://img.apmcdn.org/8881b2699f8d9974b11742c0b32be3f892c46755/uncropped/31a8d8-2023-02-gettyimages-1246870417-1-e1677532995247-webp2000.webp)