Follow Ben Bernanke through 22 dated historical records for United States of America.
A chronological timeline drawn from matching World History Database records.
President Bush nominates economist Ben Bernanke to succeed Alan Greenspan as chairman of the Federal Reserve Board when his term expires on January 31, 2006. The legendary Greenspan had served as the Feds chairman for 18 years
Role range: 2001-
The Federal Reserve cuts its discount rate by half a percentage point to improve access to emergency central-bank funding as credit markets tighten.
Role range: 2007-2009 – 2006-2014
The Federal Reserve lowers the federal funds target by half a percentage point as housing losses and financial-market strains threaten economic growth.
Role range: 2007-2009 – 2006-2014
The Federal Reserve announces the Term Auction Facility to provide banks with secured term funding and reduce persistent pressures in money markets.
Role range: 2007-2009 – 2006-2014
The Federal Reserve cuts its target rate after sharp declines in international markets.
Role range: 2006-2014
The Federal Reserve makes an emergency three-quarter-point interest-rate cut between scheduled meetings as global markets fall sharply and recession risks increase.
Role range: 2007-2009 – 2006-2014
The Federal Reserve cuts the federal funds target again, reducing it by half a percentage point as financial conditions continue deteriorating.
Role range: 2007-2009 – 2006-2014
The Federal Reserve announces the Term Securities Lending Facility, offering Treasury securities in exchange for less-liquid collateral held by primary dealers.
Role range: 2007-2009 – 2006-2014
The Federal Reserve supports the Bear Stearns transaction to reduce systemic financial risk.
Role range: 2006-2014
The Federal Reserve lowers the federal funds target by three-quarters of a percentage point following the emergency rescue of Bear Stearns.
Role range: 2007-2009 – 2006-2014
The Federal Reserve reduces the federal funds target to two percent as the economy weakens and credit conditions remain unusually strained.
Role range: 2007-2009 – 2006-2014
The Federal Reserve authorises emergency credit to prevent the disorderly failure of AIG.
Role range: 2006-2014
The Federal Reserve authorizes emergency support for AIG after the insurer cannot meet escalating collateral demands linked to credit-default swaps.
Role range: 2007-2009 – 2006-2014
The Federal Reserve approves Goldman Sachs and Morgan Stanley as bank holding companies, giving the investment banks access to broader central-bank support.
Role range: 2007-2009 – 2006-2014
The Federal Reserve announces that it will begin paying interest on depository institutions' reserve balances under authority accelerated by emergency legislation.
Role range: 2007-2009 – 2006-2014
The Federal Reserve joins other central banks in a coordinated reduction of policy rates.
Role range: 2006-2014
The Federal Reserve joins other major central banks in a coordinated interest-rate reduction intended to counter extreme disruption in global financial markets.
Role range: 2007-2009 – 2006-2014
The Federal Reserve announces the Money Market Investor Funding Facility to provide liquidity support for money-market instruments during persistent market stress.
Role range: 2007-2009 – 2006-2014
The Federal Reserve cuts the federal funds target to one percent as economic activity contracts and financial conditions remain severely impaired.
Role range: 2007-2009 – 2006-2014
The Federal Reserve announces TALF and plans large purchases of agency debt and mortgage-backed securities to support consumer and housing credit markets.
Role range: 2007-2009 – 2006-2014
The Federal Reserve lowers the federal funds target range to near zero.
Role range: 2006-2014
The Federal Reserve lowers its policy target to a range of zero to one-quarter percent as the recession and financial crisis deepen.
Role range: 2007-2009 – 2006-2014
These dates and descriptions come from the historical_events database. Exact duplicate records have been collapsed. Names are grouped by the country, Name 2 and Name 1 fields; records with missing Name 2 cannot be reliably assigned to an individual biography. Check the underlying sources before formal citation.