Explore the Federal Reserve's History
Subprime Mortgage Crisis
The expansion of mortgages to high-risk borrowers, coupled with rising house prices, contributed to a period of turmoil in financial markets that lasted from 2007 to 2010.
Featured Person
Ben S. Bernanke
Led by Bernanke, the Fed took several steps to stabilize housing markets and stimulate the economy during the 2007-10 crisis.
Learn about the people who helped shape the Federal Reserve.
PeopleThe Fed's Functions
Did you know that the Fed's responsibilities include conducting monetary policy, supervising and regulating and providing services to financial institutions?
Learn More