The Federal Reserve is committed to communicating with the public during these difficult economic times. This site is a resource where you will find information and analysis on what caused the financial crisis, what the Fed did in response, and what the road ahead might look like.
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Financial Crisis
A look at the causes of the financial crisis and how it triggered a severe recession.
Fed's Response
An overview of the Fed's unprecedented strategies to stabilize the financial system and economy.
Road Ahead
Insight and analysis on what lies ahead and what to look for in signs of recovery.
Economy Watch
- GDP
- Inflation
- Employment
- Unemployment
Source: BEA, as of 2009 Q4.
Source: BEA, as of January 2010.
Source: BLS, as of February 2010.
Source: BLS, as of February 2010.
Policymakers’ Perspectives
Roadmaps
- Recent Federal Reserve Actions (Board of Governors)
- The Recession and Recovery in Perspective (Minneapolis Fed)
- Reforming the Nation's Financial System - A Timeline (St. Louis Fed)
- Issues in Financial Regulation (Richmond Fed)
- Too Big to Fail (Minneapolis Fed)
- Credit and Liquidity Programs and the Balance Sheet (Board of Governors)
- Credit Easing Policy Tools (Cleveland Fed)
- The Financial Crisis - A Timeline of Events and Policy Actions (St. Louis Fed)
- Timelines of Policy Responses to the Global FInancial Crisis: domestic, international (New York Fed)
- Maps of Bank Card and Mortgage Delinquencies in the U.S. (New York Fed)
- Financial Crisis Resources (Philadelphia Fed)
Fed Research
- Excess Reserves and the New Challenges for Monetary Policy • Ennis and Wolman • FRB Richmond Economic Brief 10-03, Mar. 2010
- The Impact of the Financial Crisis on Community Banks: A Conference Summary • Kawa and VanBever • Chicago Fed Letter 272a, Mar. 2010
- Lessons Learned? Comparing the Federal Reserve's Responses to the Crises of 1929-1933 and 2007-2009 • Wheelock • FRB St. Louis Review Vol. 92, No. 2, Mar./Apr. 2010
- Okun's Law and the Unemployment Surprise of 2009 • Daly and Hobijn • FRB San Francisco Economic Letter 2010-07, Mar. 2010
- More research
Beyond the Fed
- Recovery.gov
- FinancialStability.gov
- U.S. Treasury
- Federal Deposit Insurance Corporation
- Office of the Comptroller of the Currency
- Office of Thrift Supervision
- Securities and Exchange Commission
- Bureau of Economic Analysis: GDP, Inflation
- Bureau of Labor Statistics
- S&P/Case-Shiller Home Price Indices
- Mortgage Bankers Association
- Freddie Mac
- National Bureau of Economic Research
- International Monetary Fund