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...
more
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...
more
Recent News
The Congressional Budget Office releases a study describing the various actions by the Federal Reserve to stabilize financial markets since 2007 and how those actions are likely to affect the federal budget in coming years. The report also presents estimates of the risk-adjusted (or fair value) subsidies that the Federal Reserve provided to financial institutions through its emergency programs.
The U.S. Treasury Department announces the sale of 1.5 billion shares of its holdings of Citigroup common stock. The Treasury Department had received 7.7 billion shares of Citigroup common stock in 2009 in exchange for $25 billion in preferred stock it received in connection with Citigroup's participation in the Capital Purchase Program.
The Federal Reserve publicly releases the text of three agreements with foreign central banks to reestablish temporary dollar swap facilities and announces that it would disclose information weekly on use of the swap lines by each of the counterparty central banks.