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 the New York Association for Business Economics, New York City.

Remarks at the New York Association for Business Economics, New York City.

One of the chief actions taken by the Federal Reserve in response to the financial crisis was the introduction or expansion of facilities designed to provide liquidity to the funding markets. A study of the programs suggests that the liquidity facilities generated $20 billion in interest and fee...