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...
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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.
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Material Type:
Presentation
Technical Format:
HTML/Text
Date Added to MERLOT:
December 08, 2011
Date Modified in MERLOT:
July 29, 2015
Author:
Submitter:
Liz
Peterson
Keywords:
open market operations,
federal reserve,
FOMC,
9/11,
monetary policy
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Reviewed by members of Editorial board for inclusion in MERLOT.Editor ReviewVery good quality; in queue to be peer reviewedavg:
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Language:
English
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