Refer to The Fed’s Actions in 2008: What the Transcripts Reveal: FEB. 21, 2014
On Friday, the Federal Reserve released the transcripts of the 2008 meetings of its Federal Open Market Committee, which sets monetary policy. The transcripts provide a detailed account of some of the
Fed’s key decisions during that crisis year.
and related articles. In your opinion, did the Treasury (fiscal policy) and Fed (monetary policy) officials assess the crisis correctly? What policies did they pursue and did they coordinate their policies
effectively? Did they achieve the goals they set out to achieve and what were those goals?
The answer should not be more than two to three pages long (font size 12, double space).
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