Remarks at the Central Bank Independence Conference—Progress and Challenges in Mexico, Mexico City, Mexico.

Remarks at the Central Bank Independence Conference—Progress and Challenges in Mexico, Mexico City, Mexico.

Remarks at Panel Discussion at 2012 U.S. Monetary Policy Forum, New York City.

Related links:http://www.richmondfed.org/publications/research/region_focus/2012/q1/federal_reserve_weblinks.cfm

Remarks at Panel Discussion at 2012 U.S. Monetary Policy Forum, New York City.

This paper analyzes the Federal Reserve’s major policy actions in response to the financial crisis. The analysis is divided into the pre-Lehman and post-Lehman monetary policies. Specifically, I describe the pre- and post-Lehman monetary policy actions that I believe were appropriate and those...

We review the responses of the Federal Reserve to financial crises over the past 100 years. The authors of the Federal Reserve Act in 1913 created an institution that they hoped would prevent banking panics from occurring. When this original framework did not prevent the banking panics of the...