Tag: great recession
How did the Federal Reserve respond to the Great Recession?
Apr 12, 2023, Posted by Nia Latham
The Federal Reserve responded swiftly and decisively to the Great Recession in a variety of ways. It lowered interest rates to a record low near 0%, injected trillions of dollars into the economy through quantitative easing, and made changes to banking regulations to ensure that the financial system would remain stable. These steps were taken to stimulate economic growth and help the country recover from the recession. Additionally, the Federal Reserve created new programs and policies to support the housing market and protect consumers from predatory lenders. These initiatives helped the economy recover and put the country on the path to sustained economic growth.
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