In 1935, Cret designed the Seal of the Board of Governors of the Federal Reserve System. (Photo credit: Wikipedia)
In this video, Chairman Bernanke describes the 1920s as the economic precursor to the Great Depression. Further, he describes the economic and financial conditions that characterized the Great Depression and explores its primary causes.
In this video, Chairman Bernanke discusses the Federal Reserve’s response to the Great Depression, evaluating the strengths and weaknesses of the Fed’s attempts to mitigate the economic and financial crises that characterized and prolonged the Great Depression. He addresses policies put in place by the Roosevelt Administration which eased the problems that exacerbated and prolonged the Great Depression. Finally, he discusses the policy lessons learned from the Great Depression.
In this video, Chairman Bernanke discusses the evolving role of the Fed as the United States emerged from the Great Depression and World War II. The Fed gained new independence in determining interest rates at this time and followed a monetary policy that sought to keep both inflation and economic growth reasonably stable.
In this video, Chairman Bernanke examines the Fed’s approach to monetary policy, especially in terms of reacting to changing rates of inflation. He discusses the successes and failures of monetary policy from the 1960s through the 1980s and examines the lessons learned from this era for fighting inflation.
In this video, Chairman Bernanke examines how the Federal Reserve’s economic policies resulted in a period of steady economic growth for the United States from the mid-1980s through 2007.
In this video, Chairman Bernanke explains the basic idea of the central bank and the role it plays in fostering a stable economy. He describes the central bank’s tools for maintaining a stable financial system and a healthy economy.
In this video, Chairman Bernanke examines the housing bubble, which reached its peak in 2006–07. He analyzes the causes of the housing bubble as well as its role as a trigger for the recent financial crisis.
In this video, Chairman Bernanke explains how the triggers of the financial crisis, including the decline in the housing market and unwise mortgage practices, and systemic vulnerabilities, such as the activities of Fannie Mae and Freddie Mac, caused a financial panic, subjecting the major financial firms in the United States to enormous financial pressure and in some cases, failure.
In this video, Chairman Bernanke describes the global and Federal Reserve responses to the financial crisis. He focuses on the temporary expansion of the Fed’s “lender-of–last-resort” role to nonbanking financial institutions and its impact. Finally, he examines several key financial institutions, including Lehman Brothers, American International Group, Inc. (AIG), and Bear Stearns; discusses the challenges of dealing with these institutions; and reviews the lessons learned from how the Fed attempted to resolve these institutions’ difficulties.
In this video, Chairman Bernanke explains what the Federal Reserve did to contain the financial crisis and how it used monetary policy to help stabilize the economy and promote recovery.
In this video, Chairman Bernanke explains how the housing crisis and financial and credit markets have affected the economic recovery, and discusses the future of the economy.
In this video, Chairman Bernanke discusses some of the post-crisis regulatory changes and the effects of the crisis on central bank practice.
This ends the Government’s explanation for the existence of the Federal Reserve. Please note that the first Government Entity established in Tunisia after Kaddafi was deposed was a Central Bank.