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Great Recession and its Aftermath
The deep, protracted downturn in 2007-09 was followed by an unusually slow recovery
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Great Moderation
This period of relative macroeconomic stability lasted from the mid-1980s to 2007
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Full Employment and Balanced Growth Act
Commonly called Humphrey-Hawkins, the 1978 Act set new goals for the nation’s economic policymakers
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Great Inflation
The defining macroeconomic period of the second half of the 20th century lasted from 1965 to 1982
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Treasury-Fed Accord
The 1951 agreement that laid the foundation for the modern Federal Reserve
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Treasury-Fed Accord to Mid-'60s
The Fed used its newly gained independence to create a new kind of monetary regime
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Employment Act
President Truman signed the Act in 1946 in the aftermath of WWII
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Banking Act of 1935
This legislation restructured the Fed in both cosmetic and consequential ways
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Roosevelt's Gold Program
The controversial and consequential policies of FDR regarding gold and dollars
