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Material Detail

Open and Operating: The Federal Reserve Responds to 9/11

Open and Operating: The Federal Reserve Responds to 9/11

This 17-minute video explains all the different Federal Reserve actions to stabilize the economy beginning the morning of September 11. It is a great overview of the Fed and how they function, showing specific examples of the different things they do: cash in ATMs, FedWire, SwapLines for foreign currency, FOMC adjusting the federal funds rate target, etc. Some actual news footage from 9/11 is included, including film from the security cameras at the New York Regional Federal Reserve Bank, which is located two blocks from ground zero.

 

Keywords:
open market operations, federal reserve, FOMC, 9/11, monetary policy
Disciplines:
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More about this material

Material Type:
Presentation
Date Added to MERLOT:
December 8, 2011
Date Modified in MERLOT:
August 30, 2017
Author:
Liz Peterson  
Submitter:
Liz Peterson
Primary Audience:
High School, College General Ed, College Lower Division, College Upper Division
Technical Format:
Website
Mobile Compatibility:
Not specified at this time
Language:
English
Cost Involved:
no
Source Code Available:
unknown
Accessibility Information Available:
Unknown
Creative Commons:
no

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