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Journal Article
President's message: Banking on credibility
Journal Article
Noteworthy : Fed lending and moral hazard
Report
Should the Fed Have a Financial Stability Mandate? Lessons from the Fed's first 100 Years
President Jeffrey Lacker and Research Publications Content Manager Renee Haltom explore the Fed's role in financial stability. Following the global financial crisis of 2007-08, the Fed has been given enhanced regulatory responsibilities to prevent future crises. However, most of the Fed's actions in pursuit of financial stability have historically come through emergency lending once crises are underway. The authors conclude that arguments in favor of emergency lending are based on erroneous readings of history. Instead, emergency lending may undermine financial stability, as well as the Fed's ...
Journal Article
Noteworthy : Does deregulation undermine stability?
Journal Article
President's message : No guarantees
Journal Article
Presidnent's Message: Rethinking the ‘Lender of Last Resort’
Journal Article
Scaling Back Debt Subsidies
Journal Article
Monetary Rules in an Independent Fed
Journal Article
Minority Unemployment and the FOMC