The Financial Crisis and Federal Reserve Policy

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The book offers a thorough examination of the Federal Reserve's influence on the financial crisis, particularly highlighting its low interest-rate policy from 2002 to 2006. It also explores the actions taken by Ben Bernanke in response to the crisis after the Lehman Brothers collapse in September 2008, focusing on his aggressive and innovative strategies. This analysis provides insights into the central bank's pivotal role in both the lead-up to and the management of the crisis.