Listen free for 30 days

Listen with offer

Offer ends May 1st, 2024 11:59PM GMT. Terms and conditions apply.
£7.99/month after 3 months. Renews automatically.
Pick 1 audiobook a month from our unmatched collection - including bestsellers and new releases.
Listen all you want to thousands of included audiobooks, Originals, celeb exclusives, and podcasts.
Access exclusive sales and deals.
£7.99/month after 30 days. Renews automatically. See here for eligibility.
Pick 1 audiobook a month from our unmatched collection - including bestsellers and new releases.
Listen all you want to thousands of included audiobooks, Originals, celeb exclusives, and podcasts.
Access exclusive sales and deals.
Fed Up cover art

Fed Up

By: Danielle DiMartino Booth
Narrated by: Danielle DiMartino Booth
Get this deal Try for £0.00

Pay £99p/month. After 3 months pay £7.99/month. Renews automatically. See terms for eligibility.

£7.99/month after 30 days. Renews automatically. See here for eligibility.

Buy Now for £13.00

Buy Now for £13.00

Pay using card ending in
By completing your purchase, you agree to Audible's Conditions of Use and authorise Audible to charge your designated card or any other card on file. Please see our Privacy Notice, Cookies Notice and Interest-based Ads Notice.

Listeners also enjoyed...

The Creature from Jekyll Island cover art
End the Fed cover art
Confidence Men cover art
In Fed We Trust cover art
The Lords of Easy Money cover art
A Man for All Markets cover art
Fossil Future cover art
Grunch of Giants cover art
Volcker cover art
Energy and Civilization cover art
The Fiat Standard cover art
Reckless Endangerment cover art
Check Your Financial Privilege cover art
Bitcoin cover art
Stress Test cover art
Griftopia cover art

Summary

An insider's unflinching exposé of the toxic culture within the Federal Reserve.

In the early 2000s, as a Wall Street escapee writing a financial column for the Dallas Morning News, Booth attracted attention for her bold criticism of the Fed's low interest rate policies and her cautionary warnings about the bubbly housing market. Nobody was more surprised than she when the folks at the Dallas Federal Reserve invited her aboard. Figuring she could have more of an impact on Fed policies from the inside, she accepted the call to duty and rose to be one of Dallas Fed president Richard Fisher's closest advisors.

To her dismay, the culture at the Fed - and its leadership - were not just ignorant of the brewing financial crisis but indifferent to its very possibility. They interpreted their job of keeping the economy going to mean keeping Wall Street afloat at the expense of the American taxpayer. But bad Fed policy created unaffordable housing, skewed incentives, rampant corporate financial engineering, stagnant wages, an exodus from the labor force, and skyrocketing student debt. Booth observed firsthand how the Fed abdicated its responsibility to the American people both before and after the financial crisis - and how nobody within the Fed seems to have learned or changed from the experience.

Today the Federal Reserve is still controlled by 1,000 PhD economists and run by an unelected West Coast radical with no direct business experience. The Fed continues to enable Congress to grow our nation's ballooning debt and avoid making hard choices, despite the high psychological and monetary costs. And our addiction to the "heroin" of low interest rates is pushing our economy toward yet another collapse.

This book is Booth's clarion call for a change in the way America's most powerful financial institution is run - before it's too late.

©2017 Danielle DiMartino Booth (P)2017 Penguin Audio

Critic reviews

 “This view from the inside is not to be missed.” (A. Gary Shilling, president of A. Gary Shilling & Co., Inc.)

“Danielle DiMartino Booth has written an informed, thoughtful, eye-opening - and justifiably angry - memoir of her days at the Federal Reserve. A monetary broadside for our populist world.” (James Grant, publisher of Grant’s Interest Rate Observer

“An outsider-turned-insider gives a gripping account of how false, but stubbornly held beliefs at the Fed helped create the global economic crisis as well as contribute to rising inequality in the United States. Brutally honest and engagingly written.... A mustread.” (William R. White, former economic adviser and head of the monetary and economic department at the Bank for International Settlements) 

What listeners say about Fed Up

Average customer ratings
Overall
  • 4.5 out of 5 stars
  • 5 Stars
    20
  • 4 Stars
    17
  • 3 Stars
    3
  • 2 Stars
    0
  • 1 Stars
    0
Performance
  • 4.5 out of 5 stars
  • 5 Stars
    20
  • 4 Stars
    12
  • 3 Stars
    1
  • 2 Stars
    0
  • 1 Stars
    0
Story
  • 4.5 out of 5 stars
  • 5 Stars
    17
  • 4 Stars
    15
  • 3 Stars
    1
  • 2 Stars
    0
  • 1 Stars
    0

Reviews - Please select the tabs below to change the source of reviews.

Sort by:
Filter by:
  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars

Fascinating

Danielle is an excellent storyteller and turns what could be quite a dull and heavy topic into a fascinating story. Shame is it’s actually true.

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars

Enlightening

Well delivered and interesting inside look at the FED and its group-think and politicisation. Read by the author which I always prefer.

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!

  • Overall
    4 out of 5 stars
  • Performance
    4 out of 5 stars
  • Story
    4 out of 5 stars
  • Mr
  • 07-03-21

Good insight into an extraordinary institution.

I've become a fan of Booth's commentary on economics in recent months, so was interested to read her account of her time at the Federal Reserve, and her critique of that institution. It's quite an eye-opener, the amount of power wielded by the almost entirely unaccountable body over the lives of hundreds of millions is incredible. And although those who wield that power do not come across in the book as "bad people", they do seem blinkered, snobbish, and cosseted from the consequences of their decisions.

I would have liked a little more of Booth's pithy and insightful economic analysis, but given how fast such material tends to age, I can understand why she chose to stick firmly to the main theme of her book. She also recommends some specific reforms that could be made to the reserve, which is something I always appreciate in books that make broad critiques.

The author does a good job narrating her own material.

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!