Financial Turmoil : Federal Reserve Policy Responses

Author / Creator

Library of Congress. Congressional Research Service

Available as

Online

Summary

Examines Federal Reserve efforts to counteract financial turmoil since Aug. 2007, covering use of traditional and new tools to stabilize economy, including increasing reserves to the banking system...

Examines Federal Reserve efforts to counteract financial turmoil since Aug. 2007, covering use of traditional and new tools to stabilize economy, including increasing reserves to the banking system through open market operations and lowering Federal funds rate and discount rate. Discusses Federal Reserve involvement in JPMorgan acquisition of Bear Stearns and loan to American International Group, and reviews policy considerations.

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