The Federal Reserve and the Great Recession: Unraveling the Role of Monetary Policy
The 2008 Great Recession rocked the American economy like a seismic wave, unleashing sky-high unemployment rates and an alarming surge in home foreclosures, something the country hadn’t witnessed since the infamous Great Depression. This economic upheaval had its roots in the subprime mortgage meltdown, but its effects extended far beyond just housing. It crept into mutual funds, pensions, and the very corporations holding these shaky securities, creating a domino effect of financial instability that resonated within many households nationwide. Now, a full decade after the recession, and two presidencies later, the impacts are still haunting us. Workers continue to grapple Continue reading The Federal Reserve and the Great Recession: Unraveling the Role of Monetary Policy