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The article revisits the actions taken by the U.S. Federal Reserve to address the 2008 global financial crisis. It highlights key measures such as interest rate cuts, bailouts, and the implementation of quantitative easing to stabilize the economy.
Key Insights:
Interest Rate Adjustments: The Federal Reserve significantly lowered interest rates to encourage borrowing and stimulate economic activity during the crisis.
Bailouts for Major Institutions: Key financial institutions received bailouts to prevent collapse and maintain stability in the financial system.
Quantitative Easing Introduced: The Fed introduced quantitative easing, a policy of purchasing government securities, to increase money supply and encourage lending.
