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 Q3.
Source: BEA, as of September 2009.
Source: BLS, as of October 2009.
Source: BLS, as of October 2009.
Policymakers’ Perspectives
Roadmaps
- Recent Federal Reserve Actions (BOG)
- Reforming the Nation's Financial System - A Timeline (St. Louis)
- Credit and Liquidity Programs and the Balance Sheet (BOG)
- Credit Easing Policy Tools (Cleveland)
- The Financial Crisis - A Timeline of Events and Policy Actions (St. Louis)
- Timelines of Policy Responses to the Global FInancial Crisis: domestic, international (New York)
- Maps of Bank Card and Mortgage Delinquencies in the U.S. (New York)
Fed Research
- Designing Loan Modifications to Address the Mortgage Crisis and the Making Home Affordable Program • Cordell et al. • BOG FEDS Working Paper 2009-43
- The Evolution of a Financial Crisis: Panic in the Asset-Backed Commercial Paper Market • Covitz, Liang, and Suarez • BOG FEDS Working Paper 2009-36
- Should Monetary Policy "Lean or Clean"? • White • FRB Dallas Working Paper 2009-34
- More research