A view of the economic crisis and the Federal Reserve's response

Janet Yellen

FRBSF Economic Letter, 2009, issue jul6

Abstract: The Federal Reserve has responded to a severe recession by developing programs to bolster the financial system and restore economic growth. The Fed has the tools to unwind these programs when appropriate, maintaining price stability. The following is adapted from a speech delivered by the president and CEO of the Federal Reserve Bank of San Francisco to the Commonwealth Club in San Francisco on June 30, 2009.

Keywords: Financial crises; economic conditions - United States (search for similar items in EconPapers)
Date: 2009
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Working Paper: A view of the economic crisis and the Federal Reserve’s response (2009)
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