Federal Reserve and Government Agency Links
Keeping Track of
the Financial Crisis
James Bullard speaks on the origins of the financial crisis:
|»||"What Challenges Do We Face for Regulatory Reform?" June 15, 2009. Video | Transcript|
|»||"Did the Fed Leave Interest Rates Too Low for Too Long?" June 11, 2009. Video | Transcript|
|»||"What Happened?" June 9, 2009. Video | Transcript|
Frequently Asked Questions about the Financial Crisis
The financial crisis has interfered with the Fed's ability to operate a conventional monetary policy. Lender-of-last-resort measures have been a primary focus. The FOMC has reduced its target for t...
Monetary policy remains potent. Even with the fed funds rate at zero, the Fed can continue to influence financial markets and the economy through open market operations and various lending programs...
The Federal Reserve Board, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency and Office of Thrift Supervision announce that they will conduct forward-looking economic assessments or "stress tests" of eligible U.S. bank holding companies with assets exceeding $100 billion. Supervisors will work with the firms to estimate the range of possible future losses and the resources to absorb such losses over a two-year period.The assessment process is expected to be completed by the end of April 2009.
The U.S. Treasury Department, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency, Office of Thrift Supervision, and the Federal Reserve Board issue a joint statement that the U.S. government stands firmly behind the banking system, and that the government will ensure that banks have the capital and liquidity they need to provide the credit necessary to restore economic growth. Further, the agencies reiterate their determination to preserve the stability of systemically important financial institutions.