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Frequently Asked Questions about the Financial Crisis

How has the financial crisis affected the Fed’s monetary policy?

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...
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With the federal funds rate near zero, is monetary policy still relevant?

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...
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Recent News

The U.S. Treasury purchases a total of $22.8 million in preferred stock from 5 U.S. banks under the Capital Purchase Program.

April 9, 2009 | FASB Press Release

The Financial Accounting Standards Board issues three final Staff Positions intended to provide additional application guidance and enhance disclosures regarding fair value measurements and impairments of securities.

The Congressional Oversight Panel releases its monthly report on the Troubled Asset Relief Program (TARP). This report, entitled "Assessing Treasury's Strategy: Six Months of TARP," provides information about expenditures and commitments to date of TARP funds, evaluates the Treasury Department's strategy for improving the condition and functioning of financial institutions and markets, and discusses potential policy alternatives.

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