Federal Reserve

Paper Summary:

This paper discusses the role of the Federal Reserve Bank after September 11. The writer analyzes an article written about the Federal Reserve Bank after the terrorist attacks. In this article, the writer discusses the vital role the Federal Reserve Bank played, in preventing even more serious damage to the economy.

From the Paper:

"In the hours and days following the terrorist attacks on the United States on September 11, the United States Federal Reserve Bank played a little known but vital role in preventing even more serious damage to the economy of the United States, than the attacks themselves. According to Dina Temple-Raston in International Economy, the quick action of the Federal Reserve Bank went largely unnoticed and dramatically under-appreciated. She suggests that if the Federal Reserve Bank had not made precise decisions quickly ... "

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