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Fed Credit Programs
The Fed introduced various credit programs to deal with the 2007-09 financial crisis.
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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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Subprime Mortgage Crisis
The 2007-10 crisis stemmed in part from an expansion of mortgages to high-risk borrowers
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Support for Specific Institutions
The failures of Bear Stearns and Lehman Brothers and the bailout of AIG occurred in 2008
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Gramm-Leach-Bliley Act
The 1999 Act promoted financial integration by repealing parts of the Glass-Steagall Act while giving the Fed new supervisory powers
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Crash of 1987
The Dow dropped 22.6 percent on Black Monday, October 19, 1987
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Great Moderation
This period of relative macroeconomic stability lasted from the mid-1980s to 2007
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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 to Mid-'60s
The Fed used its newly gained independence to create a new kind of monetary regime
