2008 Financial Crisis: Official Federal Reserve Meeting Transcripts Reveal New Details About Crucial Decisions, Bernanke, Yellen, Lehman Collapse, White House Report on 2009 Stimulus

Nonfiction, Social & Cultural Studies, Political Science, Politics, Economic Policy, Business & Finance, Economics
Cover of the book 2008 Financial Crisis: Official Federal Reserve Meeting Transcripts Reveal New Details About Crucial Decisions, Bernanke, Yellen, Lehman Collapse, White House Report on 2009 Stimulus by Progressive Management, Progressive Management
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Progressive Management ISBN: 9781310013959
Publisher: Progressive Management Publication: February 24, 2014
Imprint: Smashwords Edition Language: English
Author: Progressive Management
ISBN: 9781310013959
Publisher: Progressive Management
Publication: February 24, 2014
Imprint: Smashwords Edition
Language: English

This ebook presents the complete set of 2008 financial crisis meeting transcripts released by the Federal Reserve System in February 2014. Widely analyzed by the news media, these important, previously secret transcripts reveal vital new information about the thought process of Chairman Ben Bernanke and his fellow board members as they struggled to control the unraveling of the American financial system. In addition to the nearly 1500 pages of flowing-text transcripts, this ebook compilation includes a new report from the Obama Administration assessing the economic impact of the American Recovery and Reinvestment Act (ARRA) of 2009 (commonly known as the Obama stimulus plan) on the nation's economic recovery.

The ARRA report states: President Obama took office in the middle of the worst economic crisis since the Great Depression. In the previous year private employers shed 3.8 million jobs. Trillions of dollars of household wealth had been wiped out, and the economy's total output, as measured by real gross domestic product (GDP), was in the midst of its most severe downturn of the postwar era. In the face of this crisis, the President took immediate, bold, and effective action. Five years ago, on February 17, 2009, less than a month into his first term, President Obama signed into law the American Recovery and Reinvestment Act of 2009, also known as the Recovery Act, or ARRA. In the four years following the Recovery Act, the President built on this initial step, signing into law over a dozen fiscal measures aiming to speed job creation, including extending Emergency Unemployment Compensation, measures for teacher jobs, aid to states for Medicaid, a temporary 2 percent payroll tax cut for 160 million working Americans, an even greater allowance for businesses to write off the cost of investments when computing their tax liability (that is, "expensing"), the cash-for-clunkers program, an expanded homebuyer tax credit, additional business tax incentives and small business tax cuts, the HIRE Act tax credit, and incentives to hire veterans. Thanks in significant part to the actions of President Obama, the economic picture today is much brighter. GDP per capita started expanding in the third quarter of 2009 and reached its pre-crisis level in nearly four years, considerably faster than the historical record suggests is the typical pace of recovery following a systemic financial crisis. Since 2010, the U.S. economy has also consistently added over 2 million private-sector jobs a year, bringing the overall unemployment rate down to its lowest level since October 2008. The broad-based growth in jobs across sectors has withstood significant headwinds, including more recent fiscal contraction at all levels of government. As part of the accountability and transparency provisions included in the American Recovery and Reinvestment Act of 2009 (ARRA), the Council of Economic Advisers (CEA) was charged with providing to Congress quarterly reports on the effects of the Recovery Act on overall economic activity, and on employment in particular. In this final report, we provide an assessment of the effects of the Act through the fourth quarter of 2013 as well as an assessment of subsequent jobs measures.

Contents: The Economic Impact of the American Recovery and Reinvestment Act * January 9, 2008 Conference Call of the Federal Open Market Committee * January 21, 2008 Conference Call of the Federal Open Market Committee * January 29-30, 2008 Meeting of the Federal Open Market Committee * March 10, 2008 Conference Call of the Federal Open Market Committee * March 18, 2008 Meeting of the Federal Open Market Committee * April 29-30, 2008 Meeting of the Federal Open Market Committee * June 24-25, 2008 Meeting of the Federal Open Market Committee * July 24, 2008 Conference Call of the Federal Open Market Committee * August 5, 2008 Meeting of the Federal Open Market Committee * September 16, 2008 Meeting * more

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

This ebook presents the complete set of 2008 financial crisis meeting transcripts released by the Federal Reserve System in February 2014. Widely analyzed by the news media, these important, previously secret transcripts reveal vital new information about the thought process of Chairman Ben Bernanke and his fellow board members as they struggled to control the unraveling of the American financial system. In addition to the nearly 1500 pages of flowing-text transcripts, this ebook compilation includes a new report from the Obama Administration assessing the economic impact of the American Recovery and Reinvestment Act (ARRA) of 2009 (commonly known as the Obama stimulus plan) on the nation's economic recovery.

The ARRA report states: President Obama took office in the middle of the worst economic crisis since the Great Depression. In the previous year private employers shed 3.8 million jobs. Trillions of dollars of household wealth had been wiped out, and the economy's total output, as measured by real gross domestic product (GDP), was in the midst of its most severe downturn of the postwar era. In the face of this crisis, the President took immediate, bold, and effective action. Five years ago, on February 17, 2009, less than a month into his first term, President Obama signed into law the American Recovery and Reinvestment Act of 2009, also known as the Recovery Act, or ARRA. In the four years following the Recovery Act, the President built on this initial step, signing into law over a dozen fiscal measures aiming to speed job creation, including extending Emergency Unemployment Compensation, measures for teacher jobs, aid to states for Medicaid, a temporary 2 percent payroll tax cut for 160 million working Americans, an even greater allowance for businesses to write off the cost of investments when computing their tax liability (that is, "expensing"), the cash-for-clunkers program, an expanded homebuyer tax credit, additional business tax incentives and small business tax cuts, the HIRE Act tax credit, and incentives to hire veterans. Thanks in significant part to the actions of President Obama, the economic picture today is much brighter. GDP per capita started expanding in the third quarter of 2009 and reached its pre-crisis level in nearly four years, considerably faster than the historical record suggests is the typical pace of recovery following a systemic financial crisis. Since 2010, the U.S. economy has also consistently added over 2 million private-sector jobs a year, bringing the overall unemployment rate down to its lowest level since October 2008. The broad-based growth in jobs across sectors has withstood significant headwinds, including more recent fiscal contraction at all levels of government. As part of the accountability and transparency provisions included in the American Recovery and Reinvestment Act of 2009 (ARRA), the Council of Economic Advisers (CEA) was charged with providing to Congress quarterly reports on the effects of the Recovery Act on overall economic activity, and on employment in particular. In this final report, we provide an assessment of the effects of the Act through the fourth quarter of 2013 as well as an assessment of subsequent jobs measures.

Contents: The Economic Impact of the American Recovery and Reinvestment Act * January 9, 2008 Conference Call of the Federal Open Market Committee * January 21, 2008 Conference Call of the Federal Open Market Committee * January 29-30, 2008 Meeting of the Federal Open Market Committee * March 10, 2008 Conference Call of the Federal Open Market Committee * March 18, 2008 Meeting of the Federal Open Market Committee * April 29-30, 2008 Meeting of the Federal Open Market Committee * June 24-25, 2008 Meeting of the Federal Open Market Committee * July 24, 2008 Conference Call of the Federal Open Market Committee * August 5, 2008 Meeting of the Federal Open Market Committee * September 16, 2008 Meeting * more

More books from Progressive Management

Cover of the book Historical and Architectural Overview of Aircraft Hangars of the Reserves and National Guard Installations from World War I through the Cold War: History of Aviation in National Guard, Vietnam by Progressive Management
Cover of the book The Report of the Presidential Commission on the Space Shuttle Challenger Accident: The Tragedy of Mission 51-L in 1986 - Volume Two, Appendix L, M: NASA Accident Analysis, Morton Thiokol Comments by Progressive Management
Cover of the book FEMA U.S. Fire Administration Strategies for Marketing Your Fire Department: Today and Beyond by Progressive Management
Cover of the book The Office of the Secretary of the Air Force 1947-1965: World War II, Symington, Berlin Airlift, Battle over B-36, Korean War, Scientist Secretary, Missiles, Air Force Academy, ARPA, NASA, B-70 by Progressive Management
Cover of the book Outsourcing the Air Force Mission: A Strategy for Success - Award Winning Study of the Role of Contractors and Private Companies in Critical Military Aviation Operations and Sustainment Activities by Progressive Management
Cover of the book One Hundred Years of Flight: USAF Chronology of Significant Air and Space Events 1903-2002 - Wright Brothers, World War II, American Military Aviation History by Progressive Management
Cover of the book A History of Marine Fighter Attack Squadron 531: U.S. Marines History, Getting Started in 1942, Cherry Point, Tigercats, Skynight, Skyrays, WestPac, Phantoms, MIGs, Vietnam, El Toro Rebirth, Hornets by Progressive Management
Cover of the book The Bureau of Reclamation: History Essays from the Centennial Symposium - Part 1: Dam Histories, Concrete Dam Evolution, Embankment Dam Design, Hoover Dam, Fish Passages, Hydropower, Boulder Dam by Progressive Management
Cover of the book 21st Century U.S. Military Manuals: Unified Land Operations - Army Doctrine Reference Publication No. 3-0, ADRP 3-0, Combined Arms, Warfighting Functions (Professional Format Series) by Progressive Management
Cover of the book Regionalism and Secession: German Bavarian and Spanish Catalan Regionalism, Heimat Mediation, Kulturnation, Demystifying Nazi Centralism, Castilian Hegemony, Francoist Spain 1939-1975 by Progressive Management
Cover of the book The Rise of Iwar: Identity, Information, and the Individualization of Modern Warfare - Terrorism, Iraq, Afghanistan, DNA, Biometrics, Forensics, Palantir, Facial Recognition, DHS, FBI, USACIL, CODIS by Progressive Management
Cover of the book Wings in Orbit: Scientific and Engineering Legacies of the Space Shuttle - Select Astronaut Observations and Highlights of Shuttle Program Payloads and Experiments Supplement (NASA TM-2011-216150) by Progressive Management
Cover of the book 21st Century U.S. Military Manuals: U.S. Marine Corps (USMC) Organization of Marine Corps Forces - Marine Corps Reference Publication (MCRP) 5-12D by Progressive Management
Cover of the book 21st Century Adult Cancer Sourcebook: Transitional Cell Cancer of the Renal Pelvis and Ureter - Clinical Data for Patients, Families, and Physicians by Progressive Management
Cover of the book Aviation Urban Operations: Are We Training Like We Fight? Battle for An Nasiriyah, Iraq - Baptism by Fire for Joint Urban Operations (JUO) Doctrine, CAS, Air Superiority, Special Operations by Progressive Management
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy