Many Americans are angry about the sluggish state of the economy. On Tuesday, they went to the polls and took their anger out on elected officials. But the people who have a very large effect on the American economy aren't elected at all. They’re the appointed officials at the Federal Reserve Bank, headed by Ben Bernanke. As if to underscore that point, The Fed announced Wednesday that they’ll buy $600 billion worth of Treasury bonds, in an effort to stimulate economic growth.
David Wessel, economics editor at The Washington Post, and author of "In Fed We Trust" joins the show to take a peek inside the real center of economic decision making — the men and women of the Fed.